Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Expected to Post Quarterly Sales of $1.18 Billion

Wall Street brokerages expect that Norwegian Cruise Line Holdings Ltd. (NYSE:NCLHGet Rating) will post $1.18 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Norwegian Cruise Line’s earnings. The highest sales estimate is $1.41 billion and the lowest is $842.85 million. Norwegian Cruise Line reported sales of $4.37 million in the same quarter last year, which suggests a positive year-over-year growth rate of 26,902.3%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Norwegian Cruise Line will report full-year sales of $5.34 billion for the current year, with estimates ranging from $3.91 billion to $6.58 billion. For the next fiscal year, analysts anticipate that the company will report sales of $7.68 billion, with estimates ranging from $6.14 billion to $8.51 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NYSE:NCLHGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($1.82) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($0.29). The company had revenue of $521.90 million for the quarter, compared to the consensus estimate of $760.34 million. Norwegian Cruise Line had a negative net margin of 353.02% and a negative return on equity of 116.64%. Norwegian Cruise Line’s revenue was up 16735.5% on a year-over-year basis. During the same quarter last year, the business posted ($2.03) earnings per share.

A number of brokerages have recently issued reports on NCLH. Credit Suisse Group dropped their price target on Norwegian Cruise Line from $38.00 to $33.00 in a research report on Wednesday, May 11th. Citigroup lifted their price target on Norwegian Cruise Line from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft dropped their target price on Norwegian Cruise Line from $25.00 to $23.00 in a research report on Wednesday, May 11th. Macquarie dropped their target price on Norwegian Cruise Line from $30.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Finally, Morgan Stanley upgraded Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and set a $19.00 target price for the company in a research report on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Shares of NCLH opened at $15.30 on Thursday. The business has a 50-day moving average of $19.58 and a 200 day moving average of $20.76. Norwegian Cruise Line has a fifty-two week low of $14.30 and a fifty-two week high of $33.95. The firm has a market cap of $6.41 billion, a P/E ratio of -1.44 and a beta of 2.46. The company has a debt-to-equity ratio of 8.33, a quick ratio of 0.74 and a current ratio of 0.77.

Several large investors have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. bought a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $26,000. MCF Advisors LLC lifted its stake in shares of Norwegian Cruise Line by 298.4% during the 3rd quarter. MCF Advisors LLC now owns 1,012 shares of the company’s stock worth $27,000 after acquiring an additional 758 shares during the last quarter. Covestor Ltd lifted its stake in shares of Norwegian Cruise Line by 5,020.8% during the 1st quarter. Covestor Ltd now owns 1,229 shares of the company’s stock worth $27,000 after acquiring an additional 1,205 shares during the last quarter. US Asset Management LLC bought a new stake in shares of Norwegian Cruise Line during the 1st quarter worth approximately $28,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth approximately $29,000. 56.13% of the stock is owned by institutional investors and hedge funds.

About Norwegian Cruise Line (Get Rating)

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various locations, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.

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