Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Equities research analysts at Wedbush dropped their Q3 2016 earnings per share estimates for shares of Norwegian Cruise Line Holdings in a research note issued on Friday. Wedbush analyst J. Hardiman now anticipates that the brokerage will earn $1.58 per share for the quarter, down from their previous forecast of $1.60. Wedbush currently has a “Neutral” rating and a $45.00 price target on the stock. Wedbush also issued estimates for Norwegian Cruise Line Holdings’ Q4 2016 earnings at $0.50 EPS, FY2016 earnings at $3.16 EPS and FY2017 earnings at $3.76 EPS.

A number of other brokerages have also commented on NCLH. Citigroup Inc. dropped their price target on Norwegian Cruise Line Holdings from $58.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, September 13th. Macquarie began coverage on Norwegian Cruise Line Holdings in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $38.00 target price on the stock. Sanford C. Bernstein began coverage on Norwegian Cruise Line Holdings in a research note on Thursday, September 8th. They issued an “outperform” rating and a $44.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $51.00 target price on shares of Norwegian Cruise Line Holdings in a research note on Wednesday, October 5th. Finally, Nomura lowered their target price on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Norwegian Cruise Line Holdings has a consensus rating of “Buy” and an average target price of $53.50.

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

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 38.25 on Monday. The company has a market capitalization of $8.69 billion, a P/E ratio of 17.23 and a beta of 1.18. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $64.27. The company’s 50 day moving average price is $36.80 and its 200 day moving average price is $42.69.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Norwegian Cruise Line Holdings had a return on equity of 16.47% and a net margin of 11.09%. The business earned $1.20 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $0.75 EPS. Norwegian Cruise Line Holdings’s revenue for the quarter was up 9.3% on a year-over-year basis.

Several institutional investors have recently made changes to their positions in NCLH. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Norwegian Cruise Line Holdings by 0.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,925 shares of the company’s stock valued at $754,000 after buying an additional 178 shares during the period. Babson Capital Management LLC boosted its position in shares of Norwegian Cruise Line Holdings by 3.6% in the first quarter. Babson Capital Management LLC now owns 8,700 shares of the company’s stock valued at $481,000 after buying an additional 300 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Norwegian Cruise Line Holdings by 2.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,100 shares of the company’s stock valued at $602,000 after buying an additional 300 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Norwegian Cruise Line Holdings by 2.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,405 shares of the company’s stock valued at $893,000 after buying an additional 519 shares during the period. Finally, Telemus Capital LLC boosted its position in shares of Norwegian Cruise Line Holdings by 4.2% in the third quarter. Telemus Capital LLC now owns 13,694 shares of the company’s stock valued at $516,000 after buying an additional 555 shares during the period. Institutional investors own 88.29% of the company’s stock.

In related news, EVP T. Robin Lindsay purchased 12,000 shares of Norwegian Cruise Line Holdings stock in a transaction dated Friday, September 2nd. The stock was bought at an average cost of $35.90 per share, for a total transaction of $430,800.00. Following the completion of the transaction, the executive vice president now owns 72,647 shares in the company, valued at $2,608,027.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rio Frank J. Del purchased 55,623 shares of Norwegian Cruise Line Holdings stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of $35.96 per share, with a total value of $2,000,203.08. Following the completion of the transaction, the chief executive officer now owns 451,171 shares of the company’s stock, valued at approximately $16,224,109.16. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.

Norwegian Cruise Line Holdings Company Profile

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Its brands offer itineraries to over 510 destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii with a combined fleet of approximately 20 ships with over 45,000 Berths.

5 Day Chart for NASDAQ:NCLH

Receive News & Stock Ratings for Norwegian Cruise Line Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norwegian Cruise Line Holdings Ltd. and related stocks with our FREE daily email newsletter.