Norwegian Cruise Line Holdings Ltd (NCLH) Releases Earnings Results, Beats Expectations By $0.02 EPS

Norwegian Cruise Line Holdings Ltd (NCLH) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.83. The company posted revenue of $1186.80 million in the period, compared to analysts expectations of $1219.05 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Norwegian Cruise Line Holdings Ltd. Shares were Reiterated by Stifel on Jul 20, 2016 to “Buy” and Lowered the Price Target to $ 55 from a previous price target of $69 .Sterne Agee CRT Initiated Norwegian Cruise Line Holdings Ltd on Jun 7, 2016 to “Buy”, Price Target of the shares are set at $60.

Norwegian Cruise Line Holdings Ltd closed down -0.14 points or -0.32% at $42.96 with 25,52,253 shares getting traded on Monday. Post opening the session at $42.98, the shares hit an intraday low of $42.81 and an intraday high of $43.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Norwegian’s 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.

Norwegian Cruise Line Holdings Ltd

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