Table Of Content
- Charting New Waters: Norwegian Cruise Line Unveils Ambitious Plans For Eight Ships
- Here's why Goldman Sachs just gave Carnival and Royal Caribbean stocks buy ratings
- Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
- Why Norwegian Cruise Line (NCLH) is a Top Value Stock for the Long-Term
- Why Norwegian Cruise Line Stock Dropped 11% Last Month
- Last Night’s Attacks on Iran Just Set the Stage for a Stock Market Crash
All of those numbers are only expected to increase from here, with much stronger demand. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. 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. If you buy and hold Norwegian Cruise Line stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong.
Charting New Waters: Norwegian Cruise Line Unveils Ambitious Plans For Eight Ships
For example, you’ll be surprised how the stock valuation for Northrop Grumman vs. Atlas Air Worldwide Holdings shows a disconnect with their relative operational growth. 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. 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... For fiscal year 2023, the company posted a 32% jump in revenue, as compared to 2019. In addition, advance ticket sales at the close of 2023 were up 56% from 2019 to $3.2 billion.
Here's why Goldman Sachs just gave Carnival and Royal Caribbean stocks buy ratings
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Norwegian Cruise Stock Is Sailing Higher After Earnings. Demand Is at Record Levels.
Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors grew its stake in shares of Norwegian Cruise Line by 87.8% in the fourth quarter. Capital Research Global Investors now owns 57,049,928 shares of the company's stock valued at $1,143,285,000 after acquiring an additional 26,676,150 shares in the last quarter.
“Bookings have been significantly higher than during the same period last year, with the back half of the year up by more than the front half,” the company added. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So I think it may be worth checking this free report on analyst forecasts for the company. Bear in mind, a high ROE doesn't always mean superior financial performance. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .
Why Norwegian Cruise Line (NCLH) is a Top Value Stock for the Long-Term
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 ... A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. For the full year 2024, the company expects an adjusted profit of about $635 million, or $1.23 per share. 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... Harry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
Latest news about Norwegian Cruise Line Holdings
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. Norwegian Cruise Line Holdings Ltd. engages in the provision of cruise travel services. It provides cruise experiences for travelers with itineraries in Europe, Asia, Australia, New Zealand, South America, Africa, Canada, Bermuda, Caribbean, Alaska and Hawaii. Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. The company was founded in 1966 and is headquartered in Miami, FL.
Why Norwegian Cruise Line Stock Dropped 11% Last Month
According to analysts, Norwegian Cruise Line's stock has a predicted upside of 13.81% based on their 12-month stock forecasts. Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. The Motley Fool has no position in any of the stocks mentioned. 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...
Last Night’s Attacks on Iran Just Set the Stage for a Stock Market Crash
In fact, according to Reuters, travelers have been booking 2024 cruises at “greater volumes” than before the pandemic. Plus, about 35.7 million vacationers are expected to cruise this year – up from 31.5 million in 2023. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Return on equity is useful for comparing the quality of different businesses.
Cruise Stocks Climb as BofA, JPMorgan Tout Booking Demand - Bloomberg
Cruise Stocks Climb as BofA, JPMorgan Tout Booking Demand.
Posted: Mon, 12 Jun 2023 07:00:00 GMT [source]
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. 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. All thanks to positive booking trends, and stronger consumer demand for cruises.
Vanguard Group Inc. grew its stake in shares of Norwegian Cruise Line by 2.1% in the third quarter. Vanguard Group Inc. now owns 49,697,071 shares of the company's stock valued at $819,008,000 after acquiring an additional 1,031,053 shares in the last quarter. BlackRock Inc. grew its stake in Norwegian Cruise Line by 0.3% during the first quarter. BlackRock Inc. now owns 23,716,207 shares of the company's stock worth $318,983,000 after buying an additional 77,389 shares in the last quarter. Capital International Investors grew its stake in Norwegian Cruise Line by 15.7% during the first quarter. Capital International Investors now owns 21,242,007 shares of the company's stock worth $464,775,000 after buying an additional 2,875,079 shares in the last quarter.
Norwegian Cruise Line has been rated by Barclays, Citigroup, Mizuho, Morgan Stanley, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, and Truist Financial in the past 90 days. Analysts like Norwegian Cruise Line less than other Consumer Discretionary companies. The consensus rating for Norwegian Cruise Line is Hold while the average consensus rating for consumer discretionary companies is Moderate Buy. Enter your email address below to receive the latest news and analysts' ratings for Norwegian Cruise Line and its competitors with MarketBeat's FREE daily newsletter. Norwegian Cruise Line Holdings unveils plans for eight new vessels, expanding its fleet with nearly 25,000 additional berths across three brands.
Here's what today’s investors need to know to navigate the deep waters of this relatively small and cyclical industry. Shares of the cruise line jumped on expectations of falling interest rates and a strong 2024 for the cruise industry. This company is smoothly sailing now after years of choppy seas. We’d like to share more about how we work and what drives our day-to-day business.
We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same.
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