Viking (NYSE:VIK) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Viking (NYSE:VIK) announced its quarterly earnings data on Thursday. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05, FiscalAI reports. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.

Viking Price Performance

Shares of VIK opened at $98.49 on Wednesday. The firm has a market capitalization of $43.90 billion, a PE ratio of 36.61, a PEG ratio of 1.13 and a beta of 1.50. The company’s 50-day moving average is $100.50 and its 200-day moving average is $86.39. Viking has a fifty-two week low of $56.06 and a fifty-two week high of $110.09. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VIK. JPMorgan Chase & Co. upped their price objective on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. BNP Paribas Exane reissued an “outperform” rating and issued a $121.00 target price (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Barclays increased their target price on Viking from $88.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Mizuho raised their price target on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. Finally, UBS Group reiterated a “buy” rating and set a $100.00 price objective on shares of Viking in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.22.

Insiders Place Their Bets

In other Viking news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Institutional Trading of Viking

Hedge funds have recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new position in Viking in the 4th quarter worth about $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Viking in the third quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Viking in the 4th quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Viking during the 2nd quarter worth approximately $53,000. Finally, NewEdge Advisors LLC grew its position in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.