New Relaxed Yet Refined Dining Options Added: Wellness-Focused Aquamar Kitchen; an Al Fresco Pizzeria and an All-Day Ice Cream Parlor MIAMI, May 29, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise line, has welcomed its 1,250-guest ship, Marina, back into service after undergoing an all-encompassing refurbishment, which includes the addition of three new dining options. Guests aboard Marina can now enjoy the culinary delights of Aquamar Kitchen, the new wel ...

Shares of Norwegian Cruise Line Holdings (NCLH) advanced in intraday trading Tuesday as Mizuho Securities upgraded the stock and raised the price target on the company's cost-cutting and a positive industry outlook. Key Takeaways He added that during its recent investor day, the company "coherently outlined a path to substantially higher earnings." Norwegian Cruise Line Holdings shares were up 4.3% to $16.68 as of 11:47 a.m. ET Tuesday but still are down almost 17% in 2024. Norwegian Cruise Line Holdings sh ...

Key Points Norwegian Cruise Line Holdings Ltd. NYSE: NCLH raised its full-year 2024 EPS guidance for the second time in May 2024 at its Investor Day. While the cruise industry was the epicenter during the COVID-19 pandemic, it's one of the remaining industries to experience positive normalization as the travel boom continues to flourish. The consumer discretionary sector giant, along with Carnival Co. and plc NYSE: CCL, is trying to catch up to Royal Caribbean Ltd. NYSE: RCL in terms of profits and performa ...

Industry Overview - The cruise industry experienced strong growth in 2024, with most operators reporting record bookings in Q1 earnings reports [16] - The number of ocean-going passengers is expected to rise by 12.6% in 2024, with growth normalizing at a ~4.4% CAGR between 2024 and 2026, aligning with pre-pandemic growth rates of 4.5% [16] Company Performance - Norwegian Cruise Line Holdings (NCLH) underperformed in 2023, delivering low double-digit returns compared to Carnival Corp's 40% and Royal Caribbean's at least twice that return [1] - NCLH's stock continued to underperform in 2024, languishing at the bottom after missing consensus growth targets [2] - NCLH's 2024 Investor Day showed improvements over previous FY24 projections, with updated guidance indicating better net yield growth [3][6][7] Financial Guidance - NCLH's initial FY24 net yield growth projection was 5.4%, later revised to 6.4% in Q1, and finally updated to 7.2% in the Investor Day presentation [6][7][8] - Adjusted EBITDA for FY24 is projected at ~$2.30 billion, representing a margin expansion of 270 basis points [9] - Revenue is expected to reach at least $9 billion in 2024 based on updated net yield growth figures [9] Growth Initiatives - NCLH has ordered 13 new ships, with 4 expected to replace aging ships in 2024, increasing passenger capacity by at least 9% per ship [11] - The Oceania cruise ship capacity is expected to increase by over 20%, and the luxury Regent line by 13%, targeting high-net-worth individuals [11] - Investments in private islands in the Bahamas/Belize region, similar to Royal Caribbean's strategy, aim to expand onboard spending opportunities [12][13] Revenue Drivers - Onboard revenue accounted for ~49% of NCLH's total revenue in 2023, with passengers spending relatively higher once onboard [18] - 84% of NCLH's bookings originate from the USA/Canada region, with a mix of GenX and Millennial higher-income passengers driving higher spending [17] Capital Structure and Risks - NCLH carries ~$14 billion in debt and ~$500 million in cash, with a significant debt load that has doubled post-pandemic [22][23] - Management aims to reduce debt leverage to pre-pandemic levels by 2026, with guidance on raising cash flow targets and improving interest coverage ratios [24][25] Valuation and Outlook - Revenue growth is projected at 9.4% in 2024, 7.5% in 2025, and 9.9% in 2026, with adjusted EBITDA margins expanding to 24.5% in 2024 and 29.9% in 2025 [27][28] - Despite high debt servicing costs, NCLH is estimated to have 24-26% upside, warranting a Buy rating based on strong demand and unique customer demographics [29][31]

Two consumer discretionary stocks that have made their way onto the Zacks Rank #1 (Strong Buy) list in the last month and looked poised to move higher are cruise line operators Norwegian Cruise Line (NCLH) and Royal Caribbean Cruises (RCL) . To that point, the spring and summer represent peak travel season for leisure and recreation activities with Norwegian and Royal Caribbean's stock starting to look undervalued at their current levels. As for Royal Caribbean, its top line is expected to expand 16% in FY2 ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics a ...

Norwegian Cruise Line (NCLH) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this cruise operator have returned -16.1% over the past month versus the Zacks S&P 500 composite's +6.1% change. The Zacks Leisure and Recreation Services industry, to which Norwegian Cruise Line belongs, has gained 6.7% over this period. Now the key question is: Where could the ...

Pay 21 times earnings for 30% earnings growth? Yes, please! Norwegian Cruise Line Holdings (NCLH -3.96%), once one of the three riders of the cruise line apocalypse, is starting to look healthy again -- and Wall Street has noticed. On Monday, Norwegian unveiled a new "charting the course" strategy, raised guidance for 2024, and gave a new forecast for how it will grow through 2026. How good was Norwegian's news? Good enough that Stifel analyst Steven Wieczynski raised his price target on Norwegian stock to ...

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Norwegian Cruise Line Holdings Ltd. (NCLH) recently announced a better-than-expected outlook for 2024, courtesy of strong demand and solid bookings. Also, it unveiled a new comprehensive initiative — Charting the Course — articulating longer-term financial objectives. The program emphasizes financial coordinates, including adjusted operational EBITDA margin, adjusted earnings per share (EPS) and ROIC, with an intent to achieve it by 2026-end. Following the announcements, the company's shares moved up 7.6% d ...