S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

FY2021 Earnings Forecast for Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Issued By Truist Securiti

Last updated on Thursday, November 25, 2021 | 2021 MarketBeat

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) - Investment analysts at Truist Securiti dropped their FY2021 earnings per share estimates for Norwegian Cruise Line in a report issued on Monday, November 22nd. Truist Securiti analyst P. Scholes now anticipates that the company will post earnings of ($7.89) per share for the year, down from their prior estimate of ($7.00). Truist Securiti also issued estimates for Norwegian Cruise Line's Q4 2021 earnings at ($1.53) EPS, Q1 2022 earnings at ($0.73) EPS, Q2 2022 earnings at $0.02 EPS, Q3 2022 earnings at $0.65 EPS, Q4 2022 earnings at $0.11 EPS, FY2022 earnings at $0.05 EPS and Q1 2023 earnings at $0.17 EPS. Norwegian Cruise Line (NYSE:NCLH) last issued its earnings results on Wednesday, November 3rd. The company reported ($2.17) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($2.11) by ($0.06). The firm had revenue of $153.08 million during the quarter, compared to analysts' expectations of $172.30 million. Norwegian Cruise Line had a negative return on equity of 74.83% and a negative net margin of 2,158.84%. The business's revenue was up 2248.6% on a year-over-year basis. During the same quarter last year, the business earned ($2.35) EPS.

NCLH has been the topic of several other reports. Wedbush lifted their price objective on Norwegian Cruise Line from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, November 4th. Stifel Nicolaus boosted their price target on Norwegian Cruise Line from $35.00 to $40.00 and gave the company a "buy" rating in a report on Monday, August 9th. Berenberg Bank increased their price objective on shares of Norwegian Cruise Line from $25.00 to $27.00 and gave the company a "hold" rating in a report on Thursday, November 11th. They noted that the move was a valuation call. Citigroup initiated coverage on shares of Norwegian Cruise Line in a research report on Monday, October 25th. They set a "buy" rating and a $39.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, November 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $31.92.

Shares of NYSE NCLH opened at $22.63 on Thursday. Norwegian Cruise Line has a 52 week low of $21.28 and a 52 week high of $34.49. The business's 50 day moving average price is $26.13 and its 200 day moving average price is $26.98. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 4.12. The firm has a market cap of $8.37 billion, a P/E ratio of -2.08 and a beta of 2.66.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in shares of Norwegian Cruise Line in the 2nd quarter worth approximately $3,657,000. Invesco Ltd. raised its position in Norwegian Cruise Line by 9.6% in the second quarter. Invesco Ltd. now owns 4,127,239 shares of the company's stock valued at $121,382,000 after purchasing an additional 361,520 shares during the period. Senator Investment Group LP boosted its holdings in Norwegian Cruise Line by 33.3% in the second quarter. Senator Investment Group LP now owns 1,400,000 shares of the company's stock valued at $41,174,000 after purchasing an additional 350,000 shares during the period. Cubist Systematic Strategies LLC grew its stake in Norwegian Cruise Line by 758.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 783,265 shares of the company's stock worth $23,036,000 after purchasing an additional 692,009 shares in the last quarter. Finally, Twin Lakes Capital Management LLC increased its holdings in Norwegian Cruise Line by 2.3% during the 2nd quarter. Twin Lakes Capital Management LLC now owns 318,954 shares of the company's stock worth $9,380,000 after purchasing an additional 7,086 shares during the period. 51.74% of the stock is currently owned by institutional investors.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises.

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Earnings History and Estimates for Norwegian Cruise Line (NYSE:NCLH)

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