Norwegian Cruise Line (NYSE:NCLH) Releases Q2 2024 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.320-0.320 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of -. Norwegian Cruise Line also updated its FY 2024 guidance to 1.320-1.320 EPS.

Norwegian Cruise Line Stock Performance

Shares of NYSE NCLH traded up $0.04 during trading on Friday, reaching $15.99. 17,016,675 shares of the stock traded hands, compared to its average volume of 13,771,958. The company has a 50-day moving average of $19.11 and a 200-day moving average of $17.47. Norwegian Cruise Line has a 52-week low of $12.70 and a 52-week high of $22.75. The stock has a market capitalization of $6.86 billion, a P/E ratio of 22.84, a price-to-earnings-growth 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 released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Norwegian Cruise Line had a net margin of 3.84% and a return on equity of 136.20%. During the same period last year, the company earned ($1.10) earnings per share. Analysts forecast that Norwegian Cruise Line will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on NCLH. Wells Fargo & Company lowered their target price on shares of Norwegian Cruise Line from $21.00 to $19.00 and set an equal weight rating on the stock in a report on Thursday. Barclays dropped their price objective on Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating on the stock in a report on Thursday. StockNews.com upgraded Norwegian Cruise Line from a sell rating to a hold rating in a research report on Thursday. Citigroup reduced their price objective 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. Finally, Morgan Stanley increased their target price on shares of Norwegian Cruise Line from $14.00 to $15.00 and gave the stock an underweight rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $20.67.

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.