Norwegian Cruise Line (NYSE:NCLH) Updates FY24 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of ~$1.32 for the period, compared to the consensus EPS estimate of $1.28. Norwegian Cruise Line also updated its FY 2024 guidance to 1.320-1.320 EPS.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NCLH shares. Mizuho started coverage on shares of Norwegian Cruise Line in a research report on Tuesday, March 26th. They set a neutral rating and a $21.00 price target for the company. StockNews.com raised Norwegian Cruise Line from a sell rating to a hold rating in a research report on Thursday. Truist Financial raised their price target on shares of Norwegian Cruise Line from $17.00 to $20.00 and gave the company a hold rating in a report on Friday, March 1st. Stifel Nicolaus restated a buy rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a report on Tuesday, April 9th. Finally, Citigroup decreased their target price on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a neutral rating for the company in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $20.67.

Norwegian Cruise Line Stock Up 0.3 %

Norwegian Cruise Line stock opened at $15.99 on Friday. The business has a fifty day moving average price of $19.11 and a 200-day moving average price of $17.47. Norwegian Cruise Line has a 1-year low of $12.70 and a 1-year high of $22.75. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 0.33 and a beta of 2.59. The company has a debt-to-equity ratio of 33.16, a current ratio of 0.24 and a quick ratio of 0.19.

Norwegian Cruise Line (NYSE:NCLH) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). Norwegian Cruise Line had a return on equity of 136.20% and a net margin of 3.84%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the business posted ($1.10) EPS. Equities research analysts forecast that Norwegian Cruise Line will post 1 EPS for the current fiscal year.

Norwegian Cruise Line Company Profile

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 through 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 ports, including Scandinavia, Northern Europe, 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.