Norwegian Cruise Line (NCLH) Updates FY 2018 Earnings Guidance

Share on StockTwits

Norwegian Cruise Line (NASDAQ:NCLH) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.85-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.82. Norwegian Cruise Line also updated its FY18 guidance to ~$4.85 EPS.

NASDAQ NCLH opened at $48.75 on Friday. Norwegian Cruise Line has a 52 week low of $41.61 and a 52 week high of $61.18.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its quarterly earnings data on Thursday, November 8th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.21 by $0.06. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS.

A number of research analysts have issued reports on NCLH shares. BidaskClub upgraded shares of Norwegian Cruise Line from a buy rating to a strong-buy rating in a research note on Friday, September 21st. JPMorgan Chase & Co. cut their price target on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an overweight rating on the stock in a research note on Friday, August 10th. Macquarie upgraded shares of Norwegian Cruise Line from an underperform rating to a neutral rating and set a $55.00 price target on the stock in a research note on Friday, September 28th. Nomura cut their price target on shares of 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. Finally, Stifel Nicolaus upped their price target on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the company a buy rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $64.80.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $51.72, for a total transaction of $159,142.44. Following the transaction, the chief executive officer now owns 310,552 shares in the company, valued at approximately $16,061,749.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 9,231 shares of company stock worth $488,443 in the last 90 days. 0.98% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Norwegian Cruise Line (NCLH) Updates FY 2018 Earnings Guidance” was originally reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://weekherald.com/2018/11/10/norwegian-cruise-line-nclh-updates-fy-2018-earnings-guidance.html.

About Norwegian Cruise Line

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.

Featured Story: How to calculate compound interest

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

Receive News & Ratings for Norwegian Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply