$1.63 Billion in Sales Expected for Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) This Quarter

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Wall Street analysts expect that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will announce sales of $1.63 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Norwegian Cruise Line’s earnings. The lowest sales estimate is $1.63 billion and the highest is $1.64 billion. Norwegian Cruise Line reported sales of $1.52 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The company is expected to announce its next earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Norwegian Cruise Line will report full year sales of $6.45 billion for the current financial year, with estimates ranging from $6.44 billion to $6.47 billion. For the next financial year, analysts expect that the business will post sales of $7.14 billion, with estimates ranging from $7.08 billion to $7.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share.

A number of research analysts have recently issued reports on NCLH shares. BidaskClub cut shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Zacks Investment Research raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, February 26th. Morgan Stanley raised their price target on shares of Norwegian Cruise Line from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Buckingham Research raised their price target on shares of Norwegian Cruise Line from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Nomura raised their price target on shares of Norwegian Cruise Line from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $65.00.

In other Norwegian Cruise Line news, CEO Andrew Stuart sold 20,000 shares of Norwegian Cruise Line stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $54.04, for a total value of $1,080,800.00. Following the sale, the chief executive officer now owns 379,352 shares of the company’s stock, valued at $20,500,182.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rio Frank J. Del sold 3,077 shares of Norwegian Cruise Line stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $58.48, for a total transaction of $179,942.96. Following the completion of the sale, the chief executive officer now directly owns 455,747 shares in the company, valued at approximately $26,652,084.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,036 shares of company stock worth $2,226,931. Insiders own 0.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Boston Advisors LLC grew its holdings in shares of Norwegian Cruise Line by 0.9% during the 1st quarter. Boston Advisors LLC now owns 22,849 shares of the company’s stock worth $1,256,000 after purchasing an additional 195 shares during the period. LPL Financial LLC raised its stake in shares of Norwegian Cruise Line by 4.7% during the fourth quarter. LPL Financial LLC now owns 5,070 shares of the company’s stock valued at $215,000 after acquiring an additional 227 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Norwegian Cruise Line by 15.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 2,196 shares of the company’s stock worth $93,000 after buying an additional 290 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Norwegian Cruise Line by 2.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,184 shares of the company’s stock worth $686,000 after buying an additional 356 shares during the period. Finally, US Bancorp DE increased its position in shares of Norwegian Cruise Line by 27.7% during the first quarter. US Bancorp DE now owns 1,688 shares of the company’s stock worth $93,000 after buying an additional 366 shares during the period. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ NCLH traded up $0.25 during mid-day trading on Friday, reaching $53.84. 1,239,227 shares of the company’s stock traded hands, compared to its average volume of 2,126,370. Norwegian Cruise Line has a 1-year low of $39.36 and a 1-year high of $59.71.

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.

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

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