Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Investment analysts at SunTrust Banks upped their Q2 2019 earnings estimates for Norwegian Cruise Line in a research report issued to clients and investors on Monday, May 13th. SunTrust Banks analyst P. Scholes now forecasts that the company will earn $1.34 per share for the quarter, up from their previous forecast of $1.27. SunTrust Banks also issued estimates for Norwegian Cruise Line’s Q3 2019 earnings at $2.42 EPS and FY2019 earnings at $5.36 EPS.
Norwegian Cruise Line (NASDAQ:NCLH) last issued its earnings results on Thursday, May 9th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year.
Several other research analysts also recently commented on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Morgan Stanley upgraded Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $58.00 to $62.00 in a report on Wednesday, February 6th. UBS Group increased their target price on Norwegian Cruise Line from $52.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Deutsche Bank set a $65.00 target price on Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, February 17th. Finally, Wells Fargo & Co increased their target price on Norwegian Cruise Line from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, February 25th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.00.
Shares of NASDAQ NCLH opened at $56.73 on Thursday. Norwegian Cruise Line has a 52 week low of $39.36 and a 52 week high of $59.71.
In other Norwegian Cruise Line news, CEO Andrew Stuart sold 42,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $55.95, for a total transaction of $2,349,900.00. Following the completion of the sale, the chief executive officer now directly owns 389,434 shares in the company, valued at $21,788,832.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $58.48, for a total transaction of $179,942.96. Following the sale, the chief executive officer now owns 455,747 shares of the company’s stock, valued at $26,652,084.56. The disclosure for this sale can be found here. Insiders sold 104,584 shares of company stock worth $5,803,853 over the last ninety days. 0.98% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Machina Capital S.A.S. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $29,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $42,000. Exane Derivatives lifted its stake in shares of Norwegian Cruise Line by 221.9% in the fourth quarter. Exane Derivatives now owns 1,220 shares of the company’s stock valued at $52,000 after buying an additional 841 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Norwegian Cruise Line by 10,307.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,849 shares of the company’s stock valued at $55,000 after buying an additional 2,310,433 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Norwegian Cruise Line in the fourth quarter valued at about $79,000. Institutional investors and hedge funds own 88.85% of the company’s stock.
Norwegian Cruise Line Company Profile
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.
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