Viking (NYSE:VIK) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

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Viking (NYSE:VIK - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01), RTT News reports. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS.

Viking Price Performance

Viking stock traded up $2.1150 during trading on Friday, reaching $60.3850. The company had a trading volume of 4,190,068 shares, compared to its average volume of 2,898,431. The firm has a market capitalization of $26.76 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 0.68 and a beta of 2.40. The firm's 50-day simple moving average is $56.10 and its 200 day simple moving average is $48.18. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.61 and a current ratio of 0.64. Viking has a 1-year low of $30.75 and a 1-year high of $60.97.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Barclays lifted their price target on Viking from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Truist Financial upped their price objective on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. Wall Street Zen lowered Viking from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Loop Capital restated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.20.

Hedge Funds Weigh In On Viking

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company's stock worth $96,568,000 after acquiring an additional 1,806,920 shares during the period. Sculptor Capital LP raised its position in Viking by 10.2% during the second quarter. Sculptor Capital LP now owns 1,518,000 shares of the company's stock worth $80,894,000 after acquiring an additional 141,000 shares during the period. Bank of America Corp DE raised its position in Viking by 27.4% during the second quarter. Bank of America Corp DE now owns 1,404,278 shares of the company's stock worth $74,834,000 after acquiring an additional 301,630 shares during the period. Alliancebernstein L.P. raised its position in Viking by 0.8% during the second quarter. Alliancebernstein L.P. now owns 1,307,779 shares of the company's stock worth $69,692,000 after acquiring an additional 9,908 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Viking by 7.6% during the second quarter. Balyasny Asset Management L.P. now owns 838,905 shares of the company's stock worth $44,705,000 after acquiring an additional 59,187 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.