$1.40 Billion in Sales Expected for Norwegian Cruise Line Holdings Ltd. (NCLH) This Quarter

Wall Street brokerages expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will post sales of $1.40 billion for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Norwegian Cruise Line’s earnings. The highest sales estimate is $1.41 billion and the lowest is $1.37 billion. Norwegian Cruise Line posted sales of $1.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is expected to issue its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Norwegian Cruise Line will report full year sales of $6.07 billion for the current fiscal year, with estimates ranging from $6.05 billion to $6.08 billion. For the next financial year, analysts expect that the firm will report sales of $6.46 billion, with estimates ranging from $6.40 billion to $6.53 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 (NASDAQ:NCLH) last posted its earnings results on Thursday, November 8th. The company reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.06. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business earned $1.86 earnings per share. Norwegian Cruise Line’s quarterly revenue was up 12.5% on a year-over-year basis.

A number of equities analysts have recently commented on the company. BidaskClub upgraded Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 16th. Stifel Nicolaus lifted their price objective on Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Nomura dropped their price objective on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective on the stock in a research note on Friday, September 28th. Finally, Citigroup dropped their price objective on Norwegian Cruise Line from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $63.89.

NASDAQ NCLH traded down $1.77 during trading on Wednesday, hitting $47.59. 2,154,049 shares of the company traded hands, compared to its average volume of 2,118,971. Norwegian Cruise Line has a 12 month low of $41.61 and a 12 month high of $61.18.

In related news, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $50.23, for a total transaction of $154,557.71. Following the sale, the chief executive officer now directly owns 301,321 shares of the company’s stock, valued at $15,135,353.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Apollo Management Holdings Gp, sold 15,728,782 shares of Norwegian Cruise Line stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $50.50, for a total value of $794,303,491.00. The disclosure for this sale can be found here. Insiders sold 15,738,013 shares of company stock worth $794,787,349 over the last quarter. 0.98% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Oliver Luxxe Assets LLC boosted its holdings in Norwegian Cruise Line by 5.6% during the third quarter. Oliver Luxxe Assets LLC now owns 17,956 shares of the company’s stock valued at $973,000 after purchasing an additional 960 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Norwegian Cruise Line by 1.8% during the third quarter. State of Alaska Department of Revenue now owns 56,905 shares of the company’s stock valued at $3,266,000 after purchasing an additional 995 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Norwegian Cruise Line by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 20,690 shares of the company’s stock valued at $978,000 after purchasing an additional 1,003 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its holdings in Norwegian Cruise Line by 16.5% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 8,263 shares of the company’s stock valued at $390,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Norwegian Cruise Line by 17.4% during the second quarter. Commonwealth Equity Services LLC now owns 8,436 shares of the company’s stock valued at $399,000 after purchasing an additional 1,250 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

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

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