Viking (NYSE:VIK) Announces Quarterly Earnings Results

Viking (NYSE:VIK - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02, Zacks reports. The firm had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. During the same quarter last year, the company posted ($1.21) EPS. Viking's revenue for the quarter was up 24.9% compared to the same quarter last year.

Viking Price Performance

Shares of NYSE VIK traded up $0.62 during midday trading on Friday, reaching $43.79. 2,763,811 shares of the stock traded hands, compared to its average volume of 2,401,945. The company's 50 day moving average is $41.21 and its 200 day moving average is $44.56. Viking has a one year low of $28.89 and a one year high of $53.14. The stock has a market capitalization of $18.89 billion and a PE ratio of 168.42.

Institutional Trading of Viking

An institutional investor recently raised its position in Viking stock. NewEdge Advisors LLC grew its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 92.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,440 shares of the company's stock after purchasing an additional 690 shares during the quarter. NewEdge Advisors LLC's holdings in Viking were worth $57,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

VIK has been the topic of several recent research reports. Stifel Nicolaus cut their price target on Viking from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday. Truist Financial lifted their price target on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th. Barclays lowered their target price on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. UBS Group increased their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Finally, Northcoast Research initiated coverage on Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.53.

Viking Company Profile

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.