Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Investment analysts at Wedbush upped their Q1 2018 EPS estimates for shares of Norwegian Cruise Line in a note issued to investors on Friday, April 13th. Wedbush analyst J. Hardiman now expects that the company will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.53. Wedbush also issued estimates for Norwegian Cruise Line’s Q2 2018 earnings at $0.98 EPS, Q4 2018 earnings at $0.82 EPS and FY2019 earnings at $5.26 EPS.
Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, February 22nd. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.05. Norwegian Cruise Line had a return on equity of 16.97% and a net margin of 13.91%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis.
NASDAQ:NCLH opened at $53.44 on Monday. Norwegian Cruise Line has a 52 week low of $47.76 and a 52 week high of $61.48. The company has a quick ratio of 0.31, a current ratio of 0.34 and a debt-to-equity ratio of 1.08.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $112,000. We Are One Seven LLC acquired a new position in Norwegian Cruise Line during the 4th quarter worth $115,000. Tower Research Capital LLC TRC grew its stake in Norwegian Cruise Line by 395.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the company’s stock worth $143,000 after purchasing an additional 2,154 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Norwegian Cruise Line during the 4th quarter worth $216,000. Finally, Beach Investment Counsel Inc. PA acquired a new position in Norwegian Cruise Line during the 4th quarter worth $223,000. 88.85% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Apollo Management Holdings Gp, sold 9,750,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $56.00, for a total value of $546,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.98% of the stock is currently owned by insiders.
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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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