Norwegian Cruise Line (NASDAQ:NCLH) announced its earnings results on Thursday. The company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.06, MarketWatch Earnings reports. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year.
NASDAQ NCLH traded down $0.41 on Friday, hitting $48.86. 47,401 shares of the stock were exchanged, compared to its average volume of 2,046,289. Norwegian Cruise Line has a 52 week low of $41.61 and a 52 week high of $61.18.
In other Norwegian Cruise Line news, CEO Rio Frank J. Del sold 3,077 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $55.99, for a total transaction of $172,281.23. Following the sale, the chief executive officer now directly owns 308,967 shares of the company’s stock, valued at $17,299,062.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 9,231 shares of company stock worth $488,443 over the last ninety days. Insiders own 0.98% of the company’s stock.
NCLH has been the subject of several recent research reports. BidaskClub cut shares of Norwegian Cruise Line from a “sell” rating to a “strong sell” rating in a report on Saturday, October 27th. JPMorgan Chase & Co. reduced their target price on shares of Norwegian Cruise Line from $70.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, August 10th. Macquarie upgraded shares of Norwegian Cruise Line from an “underperform” rating to a “neutral” rating and set a $55.00 target price for the company in a report on Thursday, November 1st. Nomura reduced their target price on shares of Norwegian Cruise Line from $72.00 to $65.00 and set a “buy” rating for the company in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Norwegian Cruise Line from a “sell” rating to a “hold” rating in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Norwegian Cruise Line currently has an average rating of “Buy” and a consensus target price of $64.80.
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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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