Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) Expected to Announce Earnings of -$2.20 Per Share

Equities analysts predict that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will post ($2.20) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Norwegian Cruise Line’s earnings. The lowest EPS estimate is ($2.43) and the highest is ($2.00). Norwegian Cruise Line posted earnings per share of $1.30 in the same quarter last year, which would suggest a negative year over year growth rate of 269.2%. The firm is expected to issue its next quarterly earnings results on Thursday, August 13th.

On average, analysts expect that Norwegian Cruise Line will report full-year earnings of ($6.84) per share for the current year, with EPS estimates ranging from ($7.52) to ($5.85). For the next year, analysts forecast that the business will report earnings of ($2.36) per share, with EPS estimates ranging from ($4.91) to ($0.02). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.99) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.49). The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.28 billion.

Several research analysts have recently commented on NCLH shares. Bank of America downgraded Norwegian Cruise Line from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Tuesday, March 17th. BidaskClub downgraded Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Friday, June 12th. SunTrust Banks decreased their price objective on Norwegian Cruise Line from $45.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Zacks Investment Research cut Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $23.50 target price on the stock. in a research note on Monday, June 8th. Finally, Cfra raised Norwegian Cruise Line to a “hold” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.69.

A number of institutional investors have recently bought and sold shares of NCLH. Norges Bank bought a new stake in Norwegian Cruise Line during the 4th quarter valued at approximately $133,264,000. Wells Fargo & Company MN boosted its position in shares of Norwegian Cruise Line by 98.0% in the 1st quarter. Wells Fargo & Company MN now owns 4,032,554 shares of the company’s stock worth $44,196,000 after purchasing an additional 1,996,084 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Norwegian Cruise Line by 8,727.4% in the 1st quarter. Federated Hermes Inc. now owns 1,137,503 shares of the company’s stock worth $12,467,000 after purchasing an additional 1,124,617 shares in the last quarter. South Dakota Investment Council boosted its position in shares of Norwegian Cruise Line by 512.2% in the 1st quarter. South Dakota Investment Council now owns 902,920 shares of the company’s stock worth $9,896,000 after purchasing an additional 755,440 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its position in shares of Norwegian Cruise Line by 177.2% in the 4th quarter. Marshall Wace North America L.P. now owns 991,352 shares of the company’s stock worth $57,906,000 after purchasing an additional 633,711 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of NCLH traded down $0.49 during trading hours on Friday, hitting $15.94. The company had a trading volume of 37,528,278 shares, compared to its average volume of 37,053,906. The stock’s 50 day moving average price is $16.78 and its 200 day moving average price is $30.89. Norwegian Cruise Line has a 52-week low of $7.03 and a 52-week high of $59.78.

Norwegian Cruise Line Company Profile

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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