Q4 2017 EPS Estimates for Norwegian Cruise Line Holdings Ltd. (NCLH) Raised by SunTrust Banks

Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities researchers at SunTrust Banks increased their Q4 2017 earnings per share (EPS) estimates for shares of Norwegian Cruise Line Holdings in a note issued to investors on Tuesday. SunTrust Banks analyst P. Scholes now anticipates that the company will earn $0.71 per share for the quarter, up from their previous estimate of $0.67. SunTrust Banks also issued estimates for Norwegian Cruise Line Holdings’ Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $2.16 EPS, Q4 2018 earnings at $0.80 EPS and FY2018 earnings at $4.55 EPS.

A number of other research firms also recently commented on NCLH. Wedbush raised their price objective on Norwegian Cruise Line Holdings from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded Norwegian Cruise Line Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, April 26th. BidaskClub downgraded Norwegian Cruise Line Holdings from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Buckingham Research raised their target price on Norwegian Cruise Line Holdings from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS AG reiterated a “neutral” rating and set a $60.00 target price (up from $51.00) on shares of Norwegian Cruise Line Holdings in a report on Thursday. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Norwegian Cruise Line Holdings presently has an average rating of “Buy” and a consensus price target of $56.94.

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Shares of Norwegian Cruise Line Holdings (NCLH) opened at 56.77 on Friday. Norwegian Cruise Line Holdings has a one year low of $34.16 and a one year high of $61.48. The company has a 50-day moving average of $55.31 and a 200 day moving average of $51.71. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 19.19 and a beta of 1.16.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Norwegian Cruise Line Holdings had a net margin of 13.22% and a return on equity of 16.65%. Norwegian Cruise Line Holdings’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS.

Institutional investors have recently bought and sold shares of the company. Amalgamated Bank boosted its position in Norwegian Cruise Line Holdings by 2.4% in the first quarter. Amalgamated Bank now owns 8,718 shares of the company’s stock valued at $442,000 after buying an additional 202 shares in the last quarter. Morgan Stanley boosted its position in Norwegian Cruise Line Holdings by 82.1% in the first quarter. Morgan Stanley now owns 251,407 shares of the company’s stock valued at $12,753,000 after buying an additional 113,323 shares during the period. Canada Pension Plan Investment Board boosted its position in Norwegian Cruise Line Holdings by 83.3% in the first quarter. Canada Pension Plan Investment Board now owns 69,451 shares of the company’s stock valued at $3,523,000 after buying an additional 31,558 shares during the period. Prudential Financial Inc. boosted its position in Norwegian Cruise Line Holdings by 26.1% in the first quarter. Prudential Financial Inc. now owns 267,844 shares of the company’s stock valued at $13,588,000 after buying an additional 55,469 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Norwegian Cruise Line Holdings by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,241 shares of the company’s stock valued at $201,000 after buying an additional 266 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

In other Norwegian Cruise Line Holdings news, CEO Jason Montague sold 15,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $53.26, for a total value of $798,900.00. Following the completion of the sale, the chief executive officer now owns 72,831 shares of the company’s stock, valued at $3,878,979.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is owned by insiders.

About Norwegian Cruise Line Holdings

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

Earnings History and Estimates for Norwegian Cruise Line Holdings (NASDAQ:NCLH)

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