Norwegian Cruise Line (NYSE:NCLH) Announces Earnings Results

Norwegian Cruise Line (NYSE:NCLH) issued its earnings results on Thursday. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.94 by $0.05, Briefing.com reports. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Norwegian Cruise Line Stock Down 1.8 %

NCLH stock traded down $0.46 during trading hours on Friday, reaching $24.88. 12,222,766 shares of the stock were exchanged, compared to its average volume of 12,283,719. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 0.33 and a beta of 2.67. The firm’s 50-day moving average is $20.86 and its 200-day moving average is $18.61. Norwegian Cruise Line has a 12 month low of $12.70 and a 12 month high of $26.73. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.22.

Analyst Upgrades and Downgrades

NCLH has been the subject of a number of recent analyst reports. Macquarie upped their price objective on Norwegian Cruise Line from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial upped their price target on Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on shares of Norwegian Cruise Line from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Susquehanna upped their target price on shares of Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $32.00 target price on shares of Norwegian Cruise Line in a report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Norwegian Cruise Line has an average rating of “Hold” and an average price target of $25.80.

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.