Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities research analysts at SunTrust Banks lifted their Q2 2018 earnings estimates for Norwegian Cruise Line in a report issued on Wednesday. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings of $1.00 per share for the quarter, up from their previous estimate of $0.99. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Norwegian Cruise Line’s Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $1.12 EPS and Q4 2019 earnings at $0.93 EPS.
Several other equities analysts have also commented on the stock. BidaskClub raised shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Macquarie lowered shares of Norwegian Cruise Line from a “neutral” rating to an “underperform” rating and set a $47.00 target price on the stock. in a report on Thursday, November 30th. Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a report on Monday, November 27th. Finally, Wedbush set a $65.00 target price on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Norwegian Cruise Line currently has a consensus rating of “Buy” and a consensus price target of $63.00.
Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS.
Large investors have recently bought and sold shares of the company. Aviance Capital Management LLC purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth about $103,000. Toronto Dominion Bank lifted its position in shares of Norwegian Cruise Line by 12.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,956 shares of the company’s stock worth $106,000 after purchasing an additional 216 shares during the period. BB&T Investment Services Inc. purchased a new stake in shares of Norwegian Cruise Line in the 2nd quarter worth about $121,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth about $202,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Norwegian Cruise Line by 1.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,083 shares of the company’s stock worth $222,000 after purchasing an additional 77 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.
In other Norwegian Cruise Line news, major shareholder Apollo Management Holdings Gp, sold 5,000,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $54.11, for a total transaction of $270,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason Montague sold 15,000 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.08, for a total transaction of $826,200.00. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.
About Norwegian Cruise Line
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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