Zacks: Analysts Expect Norwegian Cruise Line Holdings Ltd. (NCLH) Will Announce Quarterly Sales of $1.40 Billion

Equities analysts expect Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) to announce sales of $1.40 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Norwegian Cruise Line’s earnings. The highest sales estimate is $1.41 billion and the lowest is $1.37 billion. Norwegian Cruise Line posted sales of $1.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The company is scheduled to report its next quarterly earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Norwegian Cruise Line will report full year sales of $6.07 billion for the current fiscal year, with estimates ranging from $6.05 billion to $6.08 billion. For the next year, analysts anticipate that the business will report sales of $6.46 billion, with estimates ranging from $6.40 billion to $6.53 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last issued its quarterly earnings data on Thursday, November 8th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.06. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year.

Several analysts have recently issued reports on NCLH shares. JPMorgan Chase & Co. reduced their price objective on Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, August 10th. Stifel Nicolaus upped their price objective on Norwegian Cruise Line from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Nomura reduced their price objective on Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. BidaskClub upgraded Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 16th. Finally, Macquarie upgraded Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 price objective on the stock in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $63.89.

Shares of NASDAQ:NCLH traded down $1.77 on Wednesday, hitting $47.59. The company had a trading volume of 2,154,049 shares, compared to its average volume of 2,118,971. Norwegian Cruise Line has a 52-week low of $41.61 and a 52-week high of $61.18.

In related news, CEO Rio Frank J. Del sold 3,077 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $55.99, for a total transaction of $172,281.23. Following the transaction, the chief executive officer now directly owns 308,967 shares in the company, valued at $17,299,062.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Apollo Management Holdings Gp, sold 15,728,782 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $50.50, for a total value of $794,303,491.00. The disclosure for this sale can be found here. Insiders have sold 15,738,013 shares of company stock worth $794,787,349 over the last quarter. 0.98% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCLH. Marshall Wace North America L.P. acquired a new stake in Norwegian Cruise Line during the third quarter worth about $7,622,000. Marshall Wace LLP increased its stake in Norwegian Cruise Line by 3,269.7% during the third quarter. Marshall Wace LLP now owns 414,098 shares of the company’s stock worth $23,782,000 after acquiring an additional 401,809 shares during the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in Norwegian Cruise Line during the third quarter worth about $600,000. Morgan Stanley increased its stake in Norwegian Cruise Line by 83.3% during the third quarter. Morgan Stanley now owns 466,649 shares of the company’s stock worth $26,799,000 after acquiring an additional 212,130 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Norwegian Cruise Line by 7.3% during the third quarter. Legal & General Group Plc now owns 931,439 shares of the company’s stock worth $53,493,000 after acquiring an additional 63,663 shares during the last quarter. Hedge funds and other institutional investors own 88.85% 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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Earnings History and Estimates for Norwegian Cruise Line (NASDAQ:NCLH)

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