Q2 2020 EPS Estimates for Norwegian Cruise Line Holdings Ltd. Lowered by SunTrust Banks (NASDAQ:NCLH)

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Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities researchers at SunTrust Banks lowered their Q2 2020 earnings per share (EPS) estimates for shares of Norwegian Cruise Line in a report issued on Thursday, January 23rd. SunTrust Banks analyst P. Scholes now expects that the company will post earnings per share of $1.37 for the quarter, down from their previous forecast of $1.38.

NCLH has been the subject of several other reports. Deutsche Bank reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a report on Friday, November 8th. Zacks Investment Research lowered shares of Norwegian Cruise Line from a “hold” rating to a “sell” rating and set a $62.00 price target for the company. in a report on Friday, December 27th. BidaskClub raised shares of Norwegian Cruise Line from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Macquarie set a $65.00 price target on shares of Norwegian Cruise Line and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Norwegian Cruise Line in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.53.

NASDAQ NCLH opened at $54.16 on Monday. Norwegian Cruise Line has a one year low of $45.64 and a one year high of $59.78. The company has a 50-day simple moving average of $57.39 and a 200-day simple moving average of $52.62.

Norwegian Cruise Line (NASDAQ:NCLH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. Norwegian Cruise Line’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 earnings per share.

In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $57.50, for a total transaction of $230,000.00. Following the completion of the transaction, the chief executive officer now directly owns 392,094 shares of the company’s stock, valued at approximately $22,545,405. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Faye L. Ashby sold 1,786 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $55.57, for a total transaction of $99,248.02. Following the transaction, the chief accounting officer now directly owns 37,812 shares of the company’s stock, valued at $2,101,212.84. The disclosure for this sale can be found here. Insiders have sold a total of 259,150 shares of company stock valued at $13,890,008 over the last three months. 0.98% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Scout Investments Inc. bought a new stake in shares of Norwegian Cruise Line during the 3rd quarter worth about $39,912,000. HG Vora Capital Management LLC raised its holdings in shares of Norwegian Cruise Line by 23.1% in the 2nd quarter. HG Vora Capital Management LLC now owns 3,200,000 shares of the company’s stock worth $171,616,000 after purchasing an additional 600,000 shares in the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Norwegian Cruise Line in the 3rd quarter worth approximately $27,477,000. BlackRock Inc. raised its holdings in shares of Norwegian Cruise Line by 2.3% in the 2nd quarter. BlackRock Inc. now owns 14,176,130 shares of the company’s stock worth $760,265,000 after purchasing an additional 315,970 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Norwegian Cruise Line by 403.7% in the 2nd quarter. Victory Capital Management Inc. now owns 280,190 shares of the company’s stock worth $15,027,000 after purchasing an additional 224,569 shares in the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

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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