Norwegian Cruise Line (NYSE:NCLH) Announces Quarterly Earnings Results

Norwegian Cruise Line (NYSE:NCLH) released its earnings results on Thursday. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07, Briefing.com reports. Norwegian Cruise Line had a return on equity of 47.84% and a net margin of 5.66%.The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Norwegian Cruise Line updated its Q3 2026 guidance to 0.900-0.900 EPS and its FY 2026 guidance to 1.500-1.500 EPS.

Here are the key takeaways from Norwegian Cruise Line’s conference call:

• Second-quarter results exceeded guidance: Revenue increased 5%, adjusted EBITDA reached $666 million, and adjusted EPS was $0.48. Unit costs declined 0.5% as cost controls offset weaker yields.
• The company lowered its outlook, expecting full-year net yields to decline approximately 5%, adjusted EBITDA of about $2.5 billion, and adjusted EPS of roughly $1.50. Third-quarter yields are projected to fall 8.9%, reflecting weak bookings, particularly on European itineraries affected by elevated airfare and macro pressures.
• Management identified an additional $100 million of annualized savings and cash benefits, bringing savings announced over the past two quarters to approximately $225 million. Further efficiencies are expected to support margins and free cash flow without reducing the guest experience.
• NCL is changing its revenue-management approach to “base loading,” using more competitive pricing earlier in the booking curve to rebuild demand and reduce close-in discounting. Benefits are expected to emerge gradually, with the first half of 2027 still pressured and improvement anticipated in the second half.
• The company expects new investments at Great Stirrup Cay, including the Great Tides Water Park, to expand paid experiences and improve the destination’s revenue potential. Fleet delivery is also set to moderate after 2027, with annual growth CapEx expected to decline by nearly $1 billion and support future deleveraging.

Norwegian Cruise Line Stock Performance

NCLH stock traded down $0.26 during trading hours on Friday, reaching $18.46. The stock had a trading volume of 13,917,030 shares, compared to its average volume of 21,021,418. The stock has a market capitalization of $8.48 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.87. The company has a debt-to-equity ratio of 5.75, a current ratio of 0.21 and a quick ratio of 0.18. The stock has a 50-day simple moving average of $19.40 and a 200 day simple moving average of $20.01. Norwegian Cruise Line has a fifty-two week low of $14.53 and a fifty-two week high of $27.18.

Norwegian Cruise Line News Roundup

Here are the key news stories impacting Norwegian Cruise Line this week:

• Positive Sentiment: NCLH reported second-quarter adjusted earnings of $0.48 per share, above the $0.41 consensus estimate, while revenue increased 4.9% year over year to $2.64 billion. Strong onboard spending, higher capacity and cost controls supported the results. Norwegian Cruise Line Holdings Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management identified an additional $100 million in cost savings, with more reductions potentially available. The company is also redesigning pricing and marketing to improve demand and competitiveness. NCLH Finds Another $100 Million in Cost Savings
• Positive Sentiment: Wells Fargo maintained an “overweight” rating with a $22 price target, and Stifel retained a “buy” rating with a $25 target, implying substantial potential upside from recent trading levels. Analyst Price Targets

Insider Activity

In other news, Director Stephen G. Pagliuca bought 695,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $18.16 per share, for a total transaction of $12,621,200.00. Following the purchase, the director owned 703,912 shares of the company’s stock, valued at approximately $12,783,041.92. This trade represents a 7,798.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan Z. Cohen purchased 30,000 shares of Norwegian Cruise Line stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $15.83 per share, with a total value of $474,900.00. Following the acquisition, the director directly owned 38,912 shares of the company’s stock, valued at $615,976.96. This trade represents a 336.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 1,592,467 shares of company stock valued at $28,493,204 over the last quarter. 0.25% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of institutional investors have recently bought and sold shares of NCLH. MUFG Securities EMEA plc acquired a new stake in shares of Norwegian Cruise Line in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Norwegian Cruise Line during the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in Norwegian Cruise Line in the 4th quarter valued at $50,000. Quarry LP lifted its stake in shares of Norwegian Cruise Line by 89,066.7% during the 4th quarter. Quarry LP now owns 2,675 shares of the company’s stock worth $60,000 after buying an additional 2,672 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Norwegian Cruise Line by 302.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 3,477 shares of the company’s stock worth $78,000 after buying an additional 2,614 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NCLH. Wells Fargo & Company lowered their price objective on shares of Norwegian Cruise Line from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday. TD Cowen raised their target price on shares of Norwegian Cruise Line from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group lifted their price target on shares of Norwegian Cruise Line from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 17th. Sanford C. Bernstein started coverage on Norwegian Cruise Line in a report on Wednesday, June 3rd. They issued a “market perform” rating and a $18.00 price objective for the company. Finally, Stifel Nicolaus decreased their price target on Norwegian Cruise Line from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line has an average rating of “Hold” and an average target price of $21.20.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a global cruise operator offering a portfolio of premium brands that includes Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The company provides sea voyages and related onboard services such as dining, entertainment, shore excursions and destination experiences. Its fleet of modern vessels sails to more than 400 destinations across all seven continents, serving leisure travelers with itineraries ranging from short Caribbean getaways to extended world voyages.

Founded in 1966 by Knut Kloster and Ted Arison, the company pioneered the concept of “Freestyle Cruising,” which allows passengers greater flexibility in dining schedules, entertainment choices and onboard activities.