Viking (NYSE:VIK) Issues Earnings Results

Viking (NYSE:VIK) announced its earnings results on Tuesday. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01), RTT News reports. Viking had a negative return on equity of 219.34% and a net margin of 13.99%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. Viking’s revenue for the quarter was up 18.5% on a year-over-year basis.

Viking Stock Performance

Shares of NYSE:VIK opened at $58.4150 on Thursday. Viking has a 52 week low of $30.75 and a 52 week high of $60.97. The company has a market capitalization of $25.89 billion, a PE ratio of 31.58, a PEG ratio of 0.68 and a beta of 2.40. The company has a 50 day moving average price of $55.61 and a two-hundred day moving average price of $48.07.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VIK shares. Morgan Stanley upped their target price on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upped their target price on shares of Viking from $45.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Citigroup upped their target price on shares of Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Loop Capital restated a “buy” rating on shares of Viking in a report on Wednesday, May 21st. Finally, Bank of America increased their price objective on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.20.

Institutional Investors Weigh In On Viking

Several large investors have recently bought and sold shares of VIK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Viking during the second quarter worth $53,000. NewEdge Advisors LLC grew its position in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Viking by 80.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,219 shares of the company’s stock valued at $118,000 after purchasing an additional 986 shares in the last quarter. Prudential Financial Inc. bought a new position in Viking in the second quarter valued at $303,000. Finally, Headlands Technologies LLC bought a new position in Viking in the second quarter valued at $390,000. Institutional investors own 98.84% of the company’s stock.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.