Viking (NYSE:VIK) Posts Earnings Results

Viking (NYSE:VIK) posted its quarterly earnings data on Wednesday. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01, Zacks reports. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.

Viking Stock Up 1.6%

VIK opened at $58.20 on Wednesday. Viking has a 1 year low of $31.79 and a 1 year high of $65.37. The firm has a 50 day moving average price of $60.42 and a 200 day moving average price of $55.96. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The company has a market cap of $25.79 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 0.67 and a beta of 2.20.

Wall Street Analysts Forecast Growth

VIK has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Viking in a research report on Thursday, November 13th. Morgan Stanley increased their price objective on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Wells Fargo & Company began coverage on shares of Viking in a research report on Tuesday. They set an “equal weight” rating and a $56.00 price target for the company. Finally, Bank of America lifted their price target on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Viking currently has a consensus rating of “Hold” and an average price target of $58.75.

Institutional Investors Weigh In On Viking

Large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Viking in the 3rd quarter valued at $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Viking in the 2nd quarter valued at $53,000. NewEdge Advisors LLC raised its position in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the period. Tower Research Capital LLC TRC raised its position in Viking by 80.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,219 shares of the company’s stock valued at $118,000 after purchasing an additional 986 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Viking during the third quarter worth about $225,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.