Norwegian Cruise Line Holdings Ltd (NCLH) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.37. The company posted revenue of $1077.60 million in the period, compared to analysts expectations of $1097.55 million. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Many Wall Street Analysts have commented on Norwegian Cruise Line Holdings Ltd. Norwegian Cruise Line Holdings Ltd was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Mar 17, 2016. Norwegian Cruise Line Holdings Ltd was Upgraded by Goldman to ” Neutral” on Feb 24, 2016. Buckingham Research Initiated Norwegian Cruise Line Holdings Ltd on Feb 19, 2016 to “Buy”, Price Target of the shares are set at $60.
Norwegian Cruise Line Holdings Ltd opened for trading at $48.55 and hit $49 on the upside on Friday, eventually ending the session at $48.89, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 10,31,420 shares. Company has a market cap of $11,113 M.
In a different news, on Mar 14, 2016, Daniel S Farkas (SVP Gen. Counsel & Asst. Sec’y) sold 39,070 shares at $47.58 per share price. According to the SEC, on Dec 7, 2015, Robert Binder (Vice Chairman, Regent&Oceania) sold 31,424 shares at $58.28 per share price. On Dec 4, 2015, Chad A Leat (director) purchased 5,000 shares at $58.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Norwegian Cruise Line Holdings Ltd. is a diversified cruise operator. The Company operates cruise lines under the Norwegian Oceania and Regent brands. Norwegian offers cruises ranging in length from one day to three weeks. Each of Norwegians 13 ships has been built to consistently deliver the Freestyle Cruising product offering. Freestyle Cruising offers flexibility and choice to its guests who prefer to dine when they want with whomever they want and without having to dress formally. Oceania operates a fleet of five mid-size ships in the upper-premium cruise segment offering personalized service and elegant accommodations. Regent offers a luxury all-inclusive cruise vacation experience including free air transportation a pre-cruise hotel night stay wines and liquors gratuities and unlimited shore excursions.