Norwegian Cruise Line (NCLH) Releases FY 2018 Earnings Guidance
Norwegian Cruise Line (NASDAQ:NCLH) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.85-4.85 for the period, compared to the Thomson Reuters consensus estimate of $4.82. Norwegian Cruise Line also updated its FY18 guidance to ~$4.85 EPS.
Several research firms have issued reports on NCLH. Deutsche Bank set a $68.00 price objective on shares of Norwegian Cruise Line and gave the company a buy rating in a research report on Friday. Macquarie raised 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 report on Thursday, November 1st. BidaskClub cut shares of Norwegian Cruise Line from a sell rating to a strong sell rating in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of Norwegian Cruise Line from a sell rating to a hold rating in a research report on Friday, July 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Norwegian Cruise Line from $70.00 to $71.00 and gave the company a buy rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Norwegian Cruise Line presently has a consensus rating of Buy and a consensus price target of $64.80.
Shares of NCLH opened at $48.75 on Friday. Norwegian Cruise Line has a fifty-two week low of $41.61 and a fifty-two week high of $61.18.
In other news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $55.99, for a total value of $172,281.23. Following the completion of the sale, the chief executive officer now owns 308,967 shares of the company’s stock, valued at approximately $17,299,062.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 9,231 shares of company stock valued at $488,443 in the last ninety days. Corporate insiders own 0.98% of the company’s stock.
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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