Viking (NYSE:VIK) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Viking (NYSE:VIK) announced its quarterly earnings data on Tuesday. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13, Briefing.com reports. Viking had a net margin of 15.53% and a return on equity of 716.92%. During the same quarter last year, the company earned $0.45 earnings per share. Viking’s revenue for the quarter was up 27.8% compared to the same quarter last year.

Viking Stock Performance

Shares of NYSE:VIK opened at $74.03 on Tuesday. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The business’s fifty day moving average price is $73.59 and its two-hundred day moving average price is $66.44. Viking has a fifty-two week low of $31.79 and a fifty-two week high of $81.48. The stock has a market capitalization of $32.81 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.96.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently made changes to their positions in the company. Orion Porfolio Solutions LLC acquired a new position in Viking during the 3rd quarter worth about $242,000. Advisory Services Network LLC acquired a new stake in Viking in the 3rd quarter valued at about $225,000. CreativeOne Wealth LLC bought a new position in shares of Viking in the fourth quarter worth about $207,000. Brown Brothers Harriman & Co. acquired a new position in shares of Viking during the fourth quarter worth approximately $185,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Viking by 1,591.2% during the third quarter. CIBC Private Wealth Group LLC now owns 2,114 shares of the company’s stock worth $131,000 after purchasing an additional 1,989 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VIK. UBS Group upped their price target on Viking from $69.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. JPMorgan Chase & Co. raised their target price on Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Barclays lifted their price target on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Finally, Morgan Stanley raised their price objective on shares of Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.00.

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.