Viking (NYSE:VIK) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Viking (NYSE:VIK) posted its quarterly earnings data on Tuesday. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02, RTT News reports. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. During the same quarter in the previous year, the company earned $0.89 earnings per share.

Viking Trading Down 0.4%

Shares of NYSE VIK opened at $60.49 on Tuesday. The firm has a market cap of $26.80 billion, a P/E ratio of 49.18, a price-to-earnings-growth ratio of 0.70 and a beta of 2.40. Viking has a 1-year low of $30.75 and a 1-year high of $60.97. The business’s 50 day moving average is $55.18 and its 200-day moving average is $47.92.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in Viking during the 2nd quarter worth $390,000. Tower Research Capital LLC TRC increased its stake in Viking by 80.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,219 shares of the company’s stock worth $118,000 after acquiring an additional 986 shares during the period. Captrust Financial Advisors increased its stake in Viking by 10.1% during the 2nd quarter. Captrust Financial Advisors now owns 48,800 shares of the company’s stock worth $2,601,000 after acquiring an additional 4,476 shares during the period. Blue Chip Partners LLC boosted its holdings in shares of Viking by 10.9% in the 2nd quarter. Blue Chip Partners LLC now owns 11,170 shares of the company’s stock valued at $595,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Sculptor Capital LP increased its stake in shares of Viking by 10.2% in the 2nd quarter. Sculptor Capital LP now owns 1,518,000 shares of the company’s stock valued at $80,894,000 after purchasing an additional 141,000 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group increased their price target on Viking from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Bank of America increased their price target on Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Wall Street Zen cut Viking from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 6th. The Goldman Sachs Group reduced their price target on Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on Viking from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and eleven 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 target price of $55.00.

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.