Equities analysts predict that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will post earnings per share (EPS) of $2.21 for the current quarter, according to Zacks. Five analysts have issued estimates for Norwegian Cruise Line’s earnings, with the lowest EPS estimate coming in at $2.16 and the highest estimate coming in at $2.26. Norwegian Cruise Line posted earnings per share of $1.86 during the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The firm is expected to announce its next quarterly earnings report on Thursday, November 8th.

According to Zacks, analysts expect that Norwegian Cruise Line will report full year earnings of $4.81 per share for the current financial year, with EPS estimates ranging from $4.75 to $4.85. For the next financial year, analysts expect that the business will post earnings of $5.18 per share, with EPS estimates ranging from $5.11 to $5.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last released its quarterly earnings results on Thursday, August 9th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.18. Norwegian Cruise Line had a net margin of 13.91% and a return on equity of 16.97%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 9th. Stifel Nicolaus lifted their price objective on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Nomura lowered their price objective on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Macquarie upgraded shares of Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Friday, September 28th. Finally, Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $64.91.

NASDAQ:NCLH opened at $51.90 on Wednesday. Norwegian Cruise Line has a 12 month low of $46.16 and a 12 month high of $61.18. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 1.08.

In related news, CEO Rio Frank J. Del sold 10,657 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $49.10, for a total transaction of $523,258.70. Following the completion of the transaction, the chief executive officer now directly owns 324,286 shares in the company, valued at $15,922,442.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $51.72, for a total transaction of $159,142.44. Following the transaction, the chief executive officer now owns 310,552 shares of the company’s stock, valued at $16,061,749.44. The disclosure for this sale can be found here. Insiders have sold 16,811 shares of company stock valued at $854,682 over the last quarter. Insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC lifted its position in Norwegian Cruise Line by 192.7% during the second quarter. Glen Harbor Capital Management LLC now owns 24,544 shares of the company’s stock valued at $1,160,000 after purchasing an additional 16,160 shares during the period. Cubist Systematic Strategies LLC lifted its position in Norwegian Cruise Line by 158.9% during the second quarter. Cubist Systematic Strategies LLC now owns 99,600 shares of the company’s stock valued at $4,706,000 after purchasing an additional 61,126 shares during the period. Principal Financial Group Inc. lifted its position in Norwegian Cruise Line by 14.2% during the first quarter. Principal Financial Group Inc. now owns 314,962 shares of the company’s stock valued at $16,683,000 after purchasing an additional 39,113 shares during the period. Mork Capital Management LLC lifted its position in Norwegian Cruise Line by 37.3% during the second quarter. Mork Capital Management LLC now owns 41,200 shares of the company’s stock valued at $1,947,000 after purchasing an additional 11,200 shares during the period. Finally, Trexquant Investment LP lifted its position in Norwegian Cruise Line by 4.2% during the second quarter. Trexquant Investment LP now owns 75,766 shares of the company’s stock valued at $3,580,000 after purchasing an additional 3,054 shares during the period. Institutional investors own 88.85% 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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Earnings History and Estimates for Norwegian Cruise Line (NASDAQ:NCLH)

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