Norwegian Cruise Line (NASDAQ:NCLH) Issues Earnings Results

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Norwegian Cruise Line (NASDAQ:NCLH) posted its quarterly earnings data on Thursday. The company reported $2.23 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.08, Briefing.com reports. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company earned $2.27 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Norwegian Cruise Line updated its Q4 guidance to $0.69 EPS.

Shares of NCLH stock traded down $0.40 during trading hours on Friday, reaching $51.82. The stock had a trading volume of 1,944,900 shares, compared to its average volume of 2,067,954. The firm has a 50-day simple moving average of $50.72 and a 200-day simple moving average of $52.15. Norwegian Cruise Line has a twelve month low of $39.36 and a twelve month high of $59.71.

In related news, CEO Andrew Stuart sold 12,300 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $50.02, for a total transaction of $615,246.00. Following the transaction, the chief executive officer now owns 356,873 shares in the company, valued at approximately $17,850,787.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rio Frank J. Del sold 4,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $53.62, for a total transaction of $214,480.00. Following the transaction, the chief executive officer now owns 408,407 shares in the company, valued at approximately $21,898,783.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,300 shares of company stock worth $2,280,618. 0.98% of the stock is owned by corporate insiders.

A number of research firms have recently issued reports on NCLH. TheStreet upgraded shares of Norwegian Cruise Line from a “c+” rating to a “b” rating in a research report on Friday, September 6th. Deutsche Bank restated a “buy” rating on shares of Norwegian Cruise Line in a research report on Friday. Stifel Nicolaus set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Sunday, November 3rd. Wedbush set a $65.00 price target on shares of Norwegian Cruise Line and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Bank of America restated a “buy” rating and issued a $66.00 price target (down from $72.00) on shares of Norwegian Cruise Line in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $64.75.

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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Earnings History for Norwegian Cruise Line (NASDAQ:NCLH)

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