Brokers Issue Forecasts for Norwegian Cruise Line Holdings Ltd.’s Q3 2019 Earnings (NASDAQ:NCLH)

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Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities research analysts at Wedbush lifted their Q3 2019 EPS estimates for Norwegian Cruise Line in a research report issued to clients and investors on Thursday, October 17th. Wedbush analyst J. Hardiman now expects that the company will earn $2.14 per share for the quarter, up from their previous estimate of $2.13. Wedbush currently has a “Buy” rating and a $65.00 target price on the stock. Wedbush also issued estimates for Norwegian Cruise Line’s FY2019 earnings at $4.78 EPS, Q1 2020 earnings at $0.75 EPS, Q2 2020 earnings at $1.54 EPS, Q3 2020 earnings at $2.65 EPS, Q4 2020 earnings at $0.97 EPS, FY2020 earnings at $5.93 EPS and FY2021 earnings at $6.07 EPS.

A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded Norwegian Cruise Line from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Buckingham Research upgraded Norwegian Cruise Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $61.00 in a research report on Friday, August 9th. Morgan Stanley set a $59.00 price target on Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Friday, August 9th. Nomura reiterated a “buy” rating on shares of Norwegian Cruise Line in a research report on Thursday, October 10th. Finally, Deutsche Bank lowered their price target on Norwegian Cruise Line from $71.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Norwegian Cruise Line currently has a consensus rating of “Buy” and a consensus price target of $65.20.

Shares of NCLH stock opened at $49.97 on Monday. The business’s 50 day moving average is $51.22 and its two-hundred day moving average is $52.65. Norwegian Cruise Line has a 12-month low of $39.36 and a 12-month high of $59.71.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.21 EPS.

In related news, CEO Rio Frank J. Del sold 1,544 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $50.05, for a total value of $77,277.20. Following the completion of the sale, the chief executive officer now owns 406,550 shares of the company’s stock, valued at $20,347,827.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Rio Frank J. Del sold 4,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $53.62, for a total value of $214,480.00. Following the completion of the sale, the chief executive officer now directly owns 408,407 shares of the company’s stock, valued at approximately $21,898,783.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,300 shares of company stock worth $2,280,618. Company insiders own 0.98% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Norwegian Cruise Line by 1.0% in the second quarter. Vanguard Group Inc. now owns 22,882,081 shares of the company’s stock valued at $1,227,166,000 after purchasing an additional 229,182 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Norwegian Cruise Line by 2.3% in the second quarter. BlackRock Inc. now owns 14,176,130 shares of the company’s stock valued at $760,265,000 after purchasing an additional 315,970 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Norwegian Cruise Line by 26.0% in the second quarter. Invesco Ltd. now owns 5,783,144 shares of the company’s stock valued at $310,149,000 after purchasing an additional 1,193,720 shares during the last quarter. HG Vora Capital Management LLC increased its holdings in shares of Norwegian Cruise Line by 23.1% in the second quarter. HG Vora Capital Management LLC now owns 3,200,000 shares of the company’s stock valued at $171,616,000 after purchasing an additional 600,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Norwegian Cruise Line by 121.8% in the second quarter. Renaissance Technologies LLC now owns 2,952,000 shares of the company’s stock valued at $158,316,000 after purchasing an additional 1,620,800 shares during the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Return on Investment (ROI)

Earnings History and Estimates for Norwegian Cruise Line (NASDAQ:NCLH)

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