Equities analysts forecast that Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) will post earnings of $1.27 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Norwegian Cruise Line’s earnings. The highest EPS estimate is $1.33 and the lowest is $1.20. Norwegian Cruise Line reported earnings per share of $1.21 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The business is scheduled to announce its next earnings report on Thursday, August 8th.

On average, analysts expect that Norwegian Cruise Line will report full-year earnings of $5.43 per share for the current year, with EPS estimates ranging from $5.21 to $5.57. For the next year, analysts expect that the company will report earnings of $6.03 per share, with EPS estimates ranging from $5.71 to $6.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Norwegian Cruise Line.

Norwegian Cruise Line (NASDAQ:NCLH) last posted its earnings results on Thursday, May 9th. The company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.12. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share.

NCLH has been the subject of a number of analyst reports. Deutsche Bank reissued a “buy” rating and issued a $65.00 price target on shares of Norwegian Cruise Line in a report on Wednesday, January 16th. BidaskClub raised Norwegian Cruise Line from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Morgan Stanley raised Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $58.00 to $62.00 in a report on Wednesday, February 6th. TheStreet raised Norwegian Cruise Line from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. Finally, Wedbush lifted their price objective on Norwegian Cruise Line from $44.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $66.71.

Shares of NASDAQ NCLH traded down $2.62 during trading on Monday, reaching $55.28. The company had a trading volume of 143,194 shares, compared to its average volume of 2,113,192. Norwegian Cruise Line has a twelve month low of $39.36 and a twelve month high of $59.71.

In related news, CEO Rio Frank J. Del sold 3,077 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $58.48, for a total value of $179,942.96. Following the completion of the transaction, the chief executive officer now owns 455,747 shares in the company, valued at approximately $26,652,084.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rio Frank J. Del sold 10,656 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $54.86, for a total transaction of $584,588.16. Following the completion of the transaction, the chief executive officer now owns 484,117 shares of the company’s stock, valued at approximately $26,558,658.62. The disclosure for this sale can be found here. Insiders sold 104,584 shares of company stock valued at $5,803,853 in the last quarter. 0.98% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Norwegian Cruise Line during the 4th quarter worth approximately $881,000. Stifel Financial Corp raised its stake in shares of Norwegian Cruise Line by 10.6% during the 4th quarter. Stifel Financial Corp now owns 51,269 shares of the company’s stock worth $2,146,000 after buying an additional 4,902 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Norwegian Cruise Line by 126.5% during the 1st quarter. Meeder Asset Management Inc. now owns 29,423 shares of the company’s stock worth $1,617,000 after buying an additional 16,435 shares during the period. Retirement Systems of Alabama raised its stake in shares of Norwegian Cruise Line by 9.1% during the 4th quarter. Retirement Systems of Alabama now owns 102,465 shares of the company’s stock worth $4,343,000 after buying an additional 8,505 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Norwegian Cruise Line by 177.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,254 shares of the company’s stock worth $6,060,000 after buying an additional 70,554 shares during the period. Hedge funds and other institutional investors own 88.85% of the company’s stock.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NCLH) is a global cruise company. The Company operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The Company had 25 ships with approximately 50,400 Berths, as of May 1, 2017. The Company’s brands offer itineraries to various destinations around the world, including Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii.

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