Norwegian Cruise Line (NYSE:NCLH) Issues FY24 Earnings Guidance

Norwegian Cruise Line (NYSE:NCLH) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of ~$1.32 for the period, compared to the consensus EPS estimate of $1.28. Norwegian Cruise Line also updated its FY 2024 guidance to 1.320-1.320 EPS.

Analyst Upgrades and Downgrades

Several research firms have commented on NCLH. Stifel Nicolaus restated a buy rating and issued a $25.00 target price on shares of Norwegian Cruise Line in a research report on Tuesday, April 9th. Citigroup reduced their price target 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. Barclays reduced their price target on shares of Norwegian Cruise Line from $21.00 to $20.00 and set an equal weight rating for the company in a research note on Thursday. Mizuho started coverage on shares of Norwegian Cruise Line in a research note on Tuesday, March 26th. They issued a neutral rating and a $21.00 price target for the company. Finally, StockNews.com raised shares of Norwegian Cruise Line from a sell rating to a hold rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $20.67.

Norwegian Cruise Line Stock Up 0.3 %

Shares of NYSE:NCLH opened at $15.99 on Friday. The company has a debt-to-equity ratio of 33.16, a quick ratio of 0.19 and a current ratio of 0.24. The company has a market cap of $6.86 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.33 and a beta of 2.59. Norwegian Cruise Line has a 52 week low of $12.70 and a 52 week high of $22.75. The firm has a 50 day simple moving average of $19.11 and a 200 day simple moving average of $17.47.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The firm had revenue of $1.99 billion during 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 quarter last year, the company posted ($1.10) EPS. As a group, research analysts expect that Norwegian Cruise Line will post 1 earnings per share for the current year.

About Norwegian Cruise Line

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.