Viking (VIK) Projected to Post Quarterly Earnings on Tuesday

Viking (NYSE:VIK - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 20th. Analysts expect the company to announce earnings of ($0.26) per share and revenue of $841.18 million for the quarter.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business's revenue was up 20.5% on a year-over-year basis. On average, analysts expect Viking to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Viking Trading Up 4.7%

Shares of VIK traded up $2.17 on Friday, reaching $48.37. The company's stock had a trading volume of 3,095,186 shares, compared to its average volume of 2,348,269. Viking has a twelve month low of $28.62 and a twelve month high of $53.14. The stock has a market capitalization of $20.87 billion and a PE ratio of 186.05. The firm has a fifty day moving average of $40.80 and a 200-day moving average of $44.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VIK shares. Truist Financial upped their target price on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Loop Capital assumed coverage on shares of Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 target price on the stock. Barclays reduced their price objective on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. UBS Group upped their price objective 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, JPMorgan Chase & Co. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $46.89.

Institutional Trading of Viking

A hedge fund recently raised its stake in Viking stock. NewEdge Advisors LLC grew its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 92.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,440 shares of the company's stock after buying 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.

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.