Quote :: Norwegian Cruise Line Holdings Ltd NCLH

Table Of Content

• Why Norwegian Cruise Line Stock Dropped 11% Last Month
• Norwegian Cruise Line Holdings Reports Fourth Quarter and Full Year 2021 Financial Results and Provides Business Update
• Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019
• NCLH Analyst Ratings By Month
• Related Stocks
• Norwegian Cruise Line (NCLH) Q3 2023 Earnings Call Transcript
• What You Need to Know About Cruise Line Stocks

The Company reported Adjusted Net Loss of $(2.9) billion or Adjusted EPS of $(8.07) in 2021. This compares to Adjusted Net Loss and Adjusted EPS of $(2.2) billion and $(8.64), respectively, in 2020. 1 See “Terminology” and “Non-GAAP Financial Measures” below for additional information about Adjusted Net Income.2 Actual number of shares issued upon settlement may differ. The combined benefit of the above transactions is expected to result in annual cash interest expense savings of approximately $75 million, as well as the other benefits mentioned above. Filter stock price historical data by date with the ability to view Opens, Highs, Lows, Closes, VWAPs, Volume % Change, Change, Trade Value and Trades. We’d like to share more about how we work and what drives our day-to-day business.

Why Norwegian Cruise Line Stock Dropped 11% Last Month

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. (1) Non-cash deferred compensation expenses related to the crew pension plan and other crew expenses are included in payroll and related expense and other income (expense), net. Interest Expense, net is expected to be approximately $595 million for full year 2022, excluding losses on extinguishment of debt and debt modification costs.

Norwegian Cruise Line Holdings Reports Fourth Quarter and Full Year 2021 Financial Results and Provides Business Update

Depreciation and Amortization is expected to be approximately $750 million for full year 2022. Cruise bookings are hitting record highs, creating big opportunity for some of the top cruise stocks to buy now. 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. (2) Non-cash deferred compensation expenses related to the crew pension plan and other crew expenses are included in payroll and related expense. (1) Non-cash deferred compensation expenses related to the crew pension plan and other crew expenses, which are included in payroll and related expense.

Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019

Income tax expense was $5.3 million in 2021 compared to $12.5 million in 2020. In 2020, the tax expense is primarily due to a valuation allowance of $39.6 million recognized in the fourth quarter on certain net operating loss carryforwards partially offset by tax benefits generated by operating losses. The Company continues to take proactive measures to enhance liquidity and financial flexibility in the current environment and optimize its balance sheet. As of December 31, 2021, the Company’s total debt position was $12.4 billion and the Company’s liquidity was $2.7 billion, consisting of cash and cash equivalents, short-term investments and a $1.0 billion commitment available through August 15, 2022. The Company has informed the Centers for Disease Control and Prevention (CDC) of its three brands opting into the agency’s COVID-19 Program for Cruise Ships Operating in U.S.

NCLH Analyst Ratings By Month

Customize the view of stock chart with the ability to show key indicators such as Earnings, Dividends & Splits as well as filtering to view only Pre- and Post-Market prices. 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). Harry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more. Here's what today’s investors need to know to navigate the deep waters of this relatively small and cyclical industry. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

Total cruise operating expense increased 246.7% in 2021 compared to 2020 as cruise voyages continued to resume in the quarter. Net booking volumes at the beginning of the fourth quarter of 2021 continued to demonstrate substantial week-over-week sequential growth after the slowdown in booking activity caused by the Delta variant of COVID-19. Net booking volumes in the latter part of the fourth quarter of 2021 began to be negatively impacted by the Omicron variant of COVID-19, primarily for close-in voyages in the first and second quarters of 2022. In recent weeks, as the Omicron wave subsided, net booking trends have improved sequentially.

Norwegian Cruise Line Holdings Ltd. (NCLH) Is a Trending Stock: Facts to Know Before Betting on It - Yahoo Finance

Norwegian Cruise Line Holdings Ltd. (NCLH) Is a Trending Stock: Facts to Know Before Betting on It.

Posted: Thu, 07 Mar 2024 08:00:00 GMT [source]

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 . (6) Non-cash interest expense related to a beneficial conversion feature recognized on our exchangeable notes and additional payment-in-kind interest recognized upon transfer to the debt principal, which is recognized in interest expense, net. Net Cruise Cost less fuel expense adjusted for supplemental adjustments.

What You Need to Know About Cruise Line Stocks

Full-year 2023 revenues grew 32% over pre-Covid-19 levels at $8.55 billion. Bookings hit all-time highs, with pricing reflecting some of the best booking weeks in history. Total occupancy reached 102.9%, with total revenue per passenger cruise day up 17% from 2019. Advanced ticket sales balance ended the year at $3.2 billion, up 52% from the end of 2019. We use certain non-GAAP financial measures, such as Net Cruise Cost, Adjusted Net Cruise Cost Excluding Fuel, Adjusted EBITDA, Adjusted Net Loss, Adjusted Net Income and Adjusted EPS, to enable us to analyze our performance.

Combining Norwegian Cruise Line Holdings' Debt And Its 55% Return On Equity

The number of passengers carried for the period, multiplied by the number of days in their respective cruises. Anticipated non-newbuild capital expenditures for full year 2022 are expected to be approximately $500 million. Due to previously agreed deferrals through first quarter of 2022, the Company’s anticipated expenditures related to ship construction contracts were $1.6 billion, $2.5 billion and $1.4 billion for the years ending December 31, 2022, 2023 and 2024, respectively.

The cruise company reported fourth quarter losses of $1.04 per share, more than analysts' estimates of 85 cents. 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.

After suffering insurmountable turmoil on the way down, the industry bounced back dramatically in the post-pandemic era. Pent-up demand drove bookings to surge back to pre-pandemic levels. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.

Net yield is expected to rise 5.5% as reported and nearly 5.4% constant currency versus 2023. The company announced it had ordered 8 new cruise ships for its 3 brands to be delivered over 10 years. Norwegian narrowed losses in 2023 and expects profitability in 2024 driven by record bookings and strong pricing power. For Q4 2023, Norwegian reported an EPS loss of 18 cents vs 14 cents consensus analyst estimates. Net loss was $106.5 million versus $482.5 million in the year-ago period. Revenues surged 30.8% YoY to $1.986 billion, beating $1.960 billion consensus estimates.

Its brands include Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Published four books by publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. Speaker at various expos and seminars and has been quoted and featured in USA Today, The Wall Street Journal, Traders Magazine, The Financial Times and various trade publications, including Stocks & Commodities, Active Trader and Online Investor. MarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them.