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Harry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more. We’d like to share more about how we work and what drives our day-to-day business. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In 2023, the company had net cash from operating activities of $2 billion and repaid $1.9 billion in debt. Specifically, Norwegian is calling for Q1 adjusted net income of $50 million, while Wall Street had expected an adjusted net loss.
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Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks. Set sail on an epic 59-day Grand Voyage from Barcelona to Singapore Download images of Riviera here MIAMI , Jan. 4, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination... But the business is otherwise performing quite well, which should be encouraging news for shareholders. Those are the big-picture trends that are meaningful to Norwegian's business.
Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025
Alaska Tourism Restoration Act, which temporarily enables cruise ships to sail to Alaska, bypassing a legal requirement to make a stop at ports in Canada, which has banned cruses until 2022. Cruise companies had previously canceled their trips to Alaska, which is a popular summer cruising destination. Separately, the CDC also recently issued new guidelines easing mask-wearing requirements and social-distancing guidelines for fully vaccinated passengers on cruises. This could give potential cruise customers confidence that cruising is a relatively safe activity post-vaccination. Norwegian Cruise Line Holdings Ltd. operates a fleet of passenger cruise ships.
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The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036. See our analysis on Norwegian Cruise Line Stock Chances Of Rise for more details on the stock’s recent performance and where it could be headed. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. From new ships to its private Caribbean island, get the latest details in this 1-minute breakdown of Norwegian Cruise Line (NCLH).
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However the stock is trading higher thanks to upbeat first-quarter guidance and a full-yea... This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. On its current trajectory, it will be able to meet its financial needs although it won't be without some dilution to shareholders. While Norwegian Cruise Line currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
A Global Leader in the Cruise Industry
Explore the updated Options feature, providing in-depth data, and a 3D viewing option. Enjoy up to 50% Off on Select Sailings in 2024 and 2025 MIAMI , Jan. 9, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, is ringing in the new ... MIAMI , Feb. 15, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that the premiere issue of their brand new Your World magazine ... MIAMI , March 20, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced the appointment of its two Master Chefs of France, Chef Alexi... Sailings explore destinations from Tokyo to Cape Town to Bali to Rio de Janeiro MIAMI , March 26, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise lin...
Norwegian Cruise Line CEO on why they are 'the biggest growth story' in the cruise sector
Norwegian Cruise’s stock falls after downbeat outlook offsets record revenue - MarketWatch
Norwegian Cruise’s stock falls after downbeat outlook offsets record revenue.
Posted: Wed, 01 Nov 2023 07:00:00 GMT [source]
However, shareholder returns remain a concern in the longer-term for Norwegian stock. The company spent the better part of the last year raising funds, with its debt load roughly doubling to $12 billion between December 2020 and the end of March 2020. This should lead to higher interest costs, constraining the company’s long-term profitability. Moreover, shareholders have also been significantly diluted by the company’s equity issuances, with shares outstanding rising to 370 million as of April 2021, up from 213 million in early 2020.
NCLH now has 13 ships on order over the next 12 years for a combined 41,000 berths, representing about 65% capacity growth, noted the analyst. The company also launched the construction of a multi-ship pier at Great Stirrup Cay, the company’s private island destination in the Bahamas and its Caribbean port of call. NCLH sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Leisure and Recreation Services industry's P/E of 16X, shares of Norwegian Cruise Line are trading at a forward P/E of 14.4X. NCLH also has a PEG Ratio of 0.3, a Price/Cash Flow ratio of 7.3X, and a Price/Sales ratio of 0.9X. Gain deeper insights into company revenues with a detailed analysis of revenue sources.
Shares of NCLH stock traded up $0.12 during mid-day trading on Friday, hitting $18.29. The stock had a trading volume of 10,613,099 shares, compared to its average volume of 10,730,688. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The firm has a market cap of $7.79 billion, a PE ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The company's 50-day simple moving average is $18.74 and its 200-day simple moving average is $17.32.
According to 15 analysts, the average rating for NCLH stock is "Hold." The 12-month stock price forecast is $20.07, which is an increase of 8.25% from the latest price. Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.
And because the trends are good, the company is guiding for better-than-expected financial results in the upcoming first quarter of 2024. These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future. There are some legit reasons for Norwegian being a laggard among its fellow seafarers, but there's also a case to be made for it leading the way from here. The country's third-largest cruise ship operator can pop tenfold in the coming years if it catches the right waves along the way. With a historically smaller fleet, the company has been building new ships more aggressively versus peers in order to enter/serve certain markets.
Norwegian Cruise Line Holdings Ltd. (NCLH) is Attracting Investor Attention: Here is What You Should Know - Yahoo Finance
Norwegian Cruise Line Holdings Ltd. (NCLH) is Attracting Investor Attention: Here is What You Should Know.
Posted: Thu, 21 Mar 2024 07:00:00 GMT [source]
Carnival, Royal Caribbean, and Norwegian also made the most of the operating lull to refresh their operations and their offerings. The end result is shaping up to be a more resilient industry than it was in its pre-pandemic prime. What analysts see Norwegian earning the next few years is pretty impressive.
With ships fully deployed at historical occupancy levels, pricing surpassed prepandemic levels in 2023, and pricing momentum has persisted into 2024. While Norwegian could intermittently see pricing competition in periods of macroeconomic distress, we believe its freestyle offering and attractive itineraries will keep passengers engaged with the brand. On the cost side, while higher oil prices and unfavorable foreign exchange could elevate costs at times, we expect management will focus on extracting further efficiencies as the business continues to scale. Over time, we expect both pricing and costs to normalize at low-single-digit rates. We believe that there is a decent 65% chance of a rise in Norwegian Cruise stock over the next month based on our machine learning analysis of trends in the stock price over the last nine years.
The expected return after a rise is understandably lower than after a drop as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks. IF NCLH stock moved by -5% over 5 trading days, THEN over the next 21 trading days, NCLH stock moves an average of 4.5%, with a 62.8% probability of a positive return over this period. But this stock is soaring today because of the positive prevailing trends in the business. The cruise line can carry more cruisers now than ever (higher capacity), has full occupancy, average ticket prices are up, and onboard spending is up, as well. A company's earnings performance is important for value investors as well.
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