Table Of Content
- NORWEGIAN CRUISE LINE UNVEILS ALL-NEW CULINARY EXPERIENCES TO DEBUT ABOARD NORWEGIAN AQUA
- Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results
- Dive into Norwegian Cruise Line Holdings
- Norwegian Cruise Line Holdings LtdNCLH:US
- Score 5% Back In Your Top Spending Category With New Citi Custom Cash Card
The new pier development in the Bahamas is set to begin in summer 2024 and be completed by late 2025 with an investment of about $150 million. Finally, Regent Seven Seas Cruises is scheduled to take delivery of two 77,000-gross-ton ships, each with a capacity of 850 guests, in 2026 and 2029. Oceania Cruises is scheduled to take delivery of two 86,000-gross-ton ships, each with a capacity of 1,450 guests in 2027 and 2029.
NORWEGIAN CRUISE LINE UNVEILS ALL-NEW CULINARY EXPERIENCES TO DEBUT ABOARD NORWEGIAN AQUA
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Weakness in consumer spending spurred by an economic downturn could affect discretionary spending, leading pricing to soften and lower onboard spending. Revenue was ahead of guidance, whereas its net loss was a little more than expected.
Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results
The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a "neutral" rating and a $19.00 price target for the company. Wells Fargo & Company reissued an "equal weight" rating and issued a $18.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Susquehanna increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Citigroup dropped their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating for the company in a research note on Monday, February 12th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, April 9th.
Dive into Norwegian Cruise Line Holdings
Now while cruising from the U.S. ports is set to resume this July, we still think that 2021 is likely to be a relatively slow year for Norwegian. Norwegian will likely miss out out on much of the lucrative summer cruising season and it’s also possible that older customers - who are a key demographic - will take a wait and watch approach to cruising post the pandemic. That said, 2022 is looking much stronger, with consensus estimates pointing to revenues of $6 billion, just slightly below the $6.5 billion in revenue the company posted in 2019. Ticket prices have also apparently been strong, trending above 2019 levels. Although Norwegian’s higher levels of leverage (debt has doubled to $12 billion from pre-pandemic levels) are a concern, the stock could still be worth a look considering that it remains down by about 45% from its 2019 levels. Norwegian Cruise Line posted mixed financial results earlier this month.
Longer-term profitability also remains a concern, given potentially higher interest expenses. The company’s total debt rose to about $11.8 billion at the end of 2020, up from around $6.8 billion at the end of 2019. That said, the stock still remains down by about 50% from its pre-Covid highs, making the risk to reward proposition relatively attractive for investors.
Stifel analyst Steven Wieczynski reiterated a Buy rating on the shares with a price target of $25. NCLH, -1.48% jumped 6.6% in premarket trading Tuesday, after the cruise operator reported a wider-than-expected fourth-quarter loss, but expects a surpris... Cruise stocks rallied in intraday trading Tuesday after a strong earnings report and forecast from Norwegian Cruise Line Holdings (NCLH). Norwegian Cruise Line (NCLH) posted its fourth-quarter results revealing a quarterly loss of $0.18 per share.
Norwegian Cruise Line Holdings LtdNCLH:US
Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know - Yahoo Finance
Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know.
Posted: Tue, 19 Mar 2024 07:00:00 GMT [source]
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... Carnival Corp. and Royal Caribbean Cruises are down just 24% and 7% respectively from their summer peaks. Norwegian has come through with a 22% stock increase in 2023, but Royal Caribbean shareholders have seen their shares more than double this year.
Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019 - Investopedia
Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019.
Posted: Tue, 27 Feb 2024 08:00:00 GMT [source]
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The Company offers an array of cruise itineraries and theme cruises, as well as markets its services through various distribution channels including retail and travel agents, international and incentive sales, and consumer direct. With profitability expected to nearly triple between 2024 and 2027, you can buy the cruise line shares at a market cap that's just 4.3 times its 2027 profit outlook. Norwegian has posted double-digit percentage beats in its last three quarters. With geopolitical events weighing on near-term sailings, its projected occupancy percentage for the current quarter is well shy of where it was in the holiday quarter of 2019. After back-to-back quarters of profitability, Norwegian is bracing investors for an adjusted deficit of $0.15 a share in the fourth quarter. Wall Street pros were modeling a slightly better-than-breakeven performance.
Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista
As Norwegian is smaller than its North American cruise peers, it has the ability to deploy its assets nimbly as cruising demand rises, allowing for strategic pricing tactics. All of the cruise-ship companies incurred significant debt during the worst of the COVID-19 pandemic, including Norwegian. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
The good news is that revenue clocked in at a record $2.536 billion, in line with expectations and a 57% surge over the prior year's admittedly depressed results. More importantly, its top-line showing was 33% ahead of where it was during the same seasonally potent summertime quarter in 2019. In other words, it's now ahead of where it was before the pandemic shut the industry down for a painfully prolonged period.
Owning cruise stocks when supply growth has been low for an extended period of time, as per the analyst. While the headline of eight ships might make investors panic, the analyst urged them to look at the fine print. There have been two largely positive developments for the recreational cruising space this month.
Centers for Disease Control and Prevention said that fully vaccinated people can stop wearing masks and social distancing outdoors and in most indoor settings. Although the new guidelines don’t specifically refer to the cruising industry, they should give potential cruise customers some confidence that things are returning to normal. Moreover, Pfizer’s PFE Covid-19 vaccine received approval for use in children aged 12 to 15 in the U.S. This could also prove positive for the cruising business, as there could be some revival in demand from families.
That said, the longer-term outlook for the company remains mixed, in our view. Booking trends have also been mixed, with reservations for the second half of 2021 apparently remaining below historical levels, although early trends for 2022 look strong, per the company. Norwegian has spent the better part of the last year raising funds via debt and equity issuances, with its debt load standing at about $11.8 billion at the end of Q4, up from about $6.8 billion a year ago. The higher interest costs are likely to weigh on the company’s profitability going forward. Coronavirus-induced changes in consumer behavior with regard to travel had altered the economic performance of Norwegian Cruise Line Holdings, affecting its ability to generate excess economic rents. However, as consumers returned to cruising after the 15-month sailing halt that ended in July 2021, they regained their appetite for travel, bolstered by the value proposition the holiday provides.
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