Why did Norwegian Cruise Line fall today? Recession fears are in the backdrop [Seeking Alpha]
Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH)
Last norwegian cruise line holdings ltd. ordinary shares earnings: 2/20 07:00 am
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Why did Norwegian Cruise Line fall today? Recession fears are in the backdropJun. 29, 2022 4:03 PM ETNorwegian Cruise Line Holdings Ltd. (NCLH)By:Clark SchultzSA News Editorfrantic00/iStock Editorial via Getty ImagesCruise line stocks sold off again on Wednesday as some traders warned that the sector is becoming something of a bet on a recession. The negative vibe also includes worries that consumers will potentially delaylaying out for a future cruise and the impact of higher fuel costs for cruise line operators.There was also some negative commentary from Wall Street with Morgan Stanley slashing estimates on Carnival.Analyst Jamie Rollo and team reduced the FY22 EBITDA forecast to -$900M from $900M, which would mark a third straight year of losses for the cruise line operator. There was also a warning on the leverage ratio, which MS thinks needs to come down to under 4X in FY23 to around $20B. That would likely require a capital raise of as much as $12B. Morgan Stanley cut its price
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News
- Italian beach town plans nude weddings [CNN]CNN
- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) had its price target lowered by analysts at Wells Fargo & Company from $21.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) had its price target lowered by analysts at Barclays PLC from $21.00 to $20.00. They now have an "equal weight" rating on the stock.MarketBeat
- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
NCLH
Earnings
- 5/1/24 - Beat
NCLH
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- NCLH's page on the SEC website