Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) – Investment analysts at SunTrust Banks dropped their Q1 2017 earnings per share estimates for shares of Norwegian Cruise Line Holdings in a research report issued to clients and investors on Thursday. SunTrust Banks analyst P. Scholes now forecasts that the brokerage will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.32. SunTrust Banks currently has a “Hold” rating and a $43.00 target price on the stock. SunTrust Banks also issued estimates for Norwegian Cruise Line Holdings’ Q4 2017 earnings at $0.59 EPS.

Norwegian Cruise Line Holdings (NASDAQ:NCLH) last posted its earnings results on Wednesday, November 9th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.03. The firm earned $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Norwegian Cruise Line Holdings had a net margin of 12.52% and a return on equity of 17.60%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS.

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

NCLH has been the subject of a number of other research reports. Deutsche Bank AG set a $44.00 price target on Norwegian Cruise Line Holdings and gave the company a “hold” rating in a research report on Thursday, September 29th. Stifel Nicolaus decreased their price target on Norwegian Cruise Line Holdings from $69.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. JPMorgan Chase & Co. lowered Norwegian Cruise Line Holdings from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $62.00 to $44.00 in a research report on Thursday, October 27th. Wedbush lowered Norwegian Cruise Line Holdings from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $53.00 to $45.00 in a research report on Friday, October 14th. Finally, Nomura decreased their price target on Norwegian Cruise Line Holdings from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.88.

Shares of Norwegian Cruise Line Holdings (NASDAQ:NCLH) opened at 41.34 on Monday. The firm has a market cap of $9.39 billion, a P/E ratio of 15.75 and a beta of 1.14. The firm has a 50-day moving average of $37.90 and a 200 day moving average of $40.75. Norwegian Cruise Line Holdings has a 12 month low of $34.16 and a 12 month high of $60.13.

In other Norwegian Cruise Line Holdings news, CEO Rio Frank J. Del purchased 55,623 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were bought at an average cost of $35.96 per share, with a total value of $2,000,203.08. Following the transaction, the chief executive officer now directly owns 451,171 shares in the company, valued at approximately $16,224,109.16. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP T. Robin Lindsay purchased 12,000 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was acquired 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 disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Norwegian Cruise Line Holdings by 2.3% in the second quarter. Vanguard Group Inc. now owns 11,385,108 shares of the company’s stock valued at $453,582,000 after buying an additional 252,654 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Norwegian Cruise Line Holdings by 7.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,004,005 shares of the company’s stock valued at $239,199,000 after buying an additional 431,200 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Norwegian Cruise Line Holdings by 6.4% in the second quarter. JPMorgan Chase & Co. now owns 4,171,325 shares of the company’s stock valued at $166,186,000 after buying an additional 251,427 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Norwegian Cruise Line Holdings by 18.1% in the second quarter. Primecap Management Co. CA now owns 4,116,600 shares of the company’s stock valued at $164,005,000 after buying an additional 630,193 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Norwegian Cruise Line Holdings by 1.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,910,283 shares of the company’s stock valued at $147,418,000 after buying an additional 53,721 shares in the last quarter. 86.42% of the stock is currently owned by institutional investors.

About Norwegian Cruise Line Holdings

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

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