Norwegian Cruise Line Holdings shares reach 52-week low
The cruise company’s stock traded as low as $14.19 as its latest quarterly earnings exceeded the consensus estimate while revenue came in slightly below expectations.
Norwegian Cruise Line Holdings stock reached a new 52-week low during Wednesday trading, falling to $14.19. Shares last traded at $14.2650, with a volume of 18316016 shares.
MarketBeat reported that Norwegian Cruise Line had a consensus analyst rating of Hold and a consensus target price of $20.95. The report also said institutional investors and hedge funds owned 69.58% of the company’s stock.
Norwegian Cruise Line reported quarterly earnings per share of $0.48, exceeding the consensus estimate of $0.41 by $0.07. Quarterly revenue was $2.64 billion, compared with analysts’ estimate of $2.65 billion.
The company had a net margin of 7.49% and a return on equity of 41.38%. Its quarterly revenue increased 4.9% from the same period a year earlier.
Norwegian Cruise Line Holdings operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Its voyages serve destinations including the Caribbean, Alaska, Europe, Asia, South America, Australia and New Zealand.