Table Of Content
- Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results
- Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025
- ETFs positioned on Norwegian Cruise Line Holdings Ltd.
- Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista
- Ratings for Norwegian Cruise Line Holdings Ltd.
In addition, the Company expects to reach a critical inflection point during the second quarter of 2022 with net cash provided by operating activities turning positive. Based on the current booked position and trajectory, the Company expects to have positive Adjusted Net Income1 for the second half of 2022. Total revenue decreased 49.4% to $0.6 billion in 2021 compared to $1.3 billion in 2020.
Norwegian Cruise Line Holdings to Hold Conference Call on Fourth Quarter and Full Year 2023 Financial Results
Norwegian Cruise Line Holdings Ltd. stock outperforms competitors on strong trading day - MarketWatch
Norwegian Cruise Line Holdings Ltd. stock outperforms competitors on strong trading day.
Posted: Mon, 22 Apr 2024 21:23:00 GMT [source]
The cruise line can carry more cruisers now than ever (higher capacity), has full occupancy, average ticket prices are up, and onboard spending is up, as well. Norwegian has lagged behind its competitors, although others are still posting losses as the industry battles higher fuel prices and interest rates. Norwegian said its costs continue to rise, exacerbated by inflation, even as it returns more ships to service.
Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025
Adjusted Net Loss divided by the number of diluted weighted-average shares outstanding. As of December 31, 2021, the Company had hedged approximately 42% and 24% of its total projected metric tons of fuel consumption for the remainder of 2022 and 2023, respectively. The following table provides amounts hedged and price per barrel of heavy fuel oil (“HFO”) which is hedged utilizing U.S.
ETFs positioned on Norwegian Cruise Line Holdings Ltd.
The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The company's 50-day simple moving average is $18.74 and its 200-day simple moving average is $17.32. Owning cruise stocks when supply growth has been low for an extended period of time, as per the analyst. While the headline of eight ships might make investors panic, the analyst urged them to look at the fine print. You are encouraged to evaluate each adjustment used in calculating our non-GAAP financial measures and the reasons we consider our non-GAAP financial measures appropriate for supplemental analysis.
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We also believe that Adjusted EBITDA is a useful measure in determining our performance as it reflects certain operating drivers of our business, such as sales growth, operating costs, marketing, general and administrative expense and other operating income and expense. Total cruise operating expense decreased 5.0% in 2021 to $1.6 billion compared to $1.7 billion in 2020. In 2021, our cruise operating expenses prior to the resumption of cruise voyages were primarily related to crew costs, including salaries, food and other travel costs; fuel; and other ongoing costs such as insurance and ship maintenance, including Dry-dock expenses. The fourth quarter 2021 cash burn rate and first quarter 2022 estimate reflect the deferral of debt amortization and previously agreed to newbuild related payments. 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.
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Other income (expense), net was income of $66.5 million in 2021 compared to expense of $(1.3) million in 2020. In 2021, the income primarily related to gains from derivatives not designated as hedges and foreign currency exchange. Fuel price per metric ton, net of hedges, increased to $737 from $574 in 2020. 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. Other income (expense), net was income of $124.0 million in 2021 compared to expense of $(33.6) million in 2020.
First Quarter 2024 Financial Results Conference Call
We believe that presenting these non-GAAP measures on both a reported and Constant Currency basis is useful in providing a more comprehensive view of trends in our business. The Company continues to execute on the phased relaunch plans for its 28-ship fleet. By year end 2021, the Company had approximately 70% of its capacity operating, or 75% when including a vessel that had returned to service and subsequently paused due to the inoperability of its scheduled voyages in South Africa during the height of its Omicron surge. Strong ticket pricing and onboard revenue spend drove positive contribution from the fleet that operated in the quarter. Occupancy in the fourth quarter of 2021 was 51.4% reflecting the Company’s self-imposed occupancy limits, the effect of COVID-related booking cancellations and a significant capacity increase from the prior quarter.
Oceania Cruises Announces 2026 Around the World Voyage Aboard Its Newest Ship, Vista
Del Rio did not rule out an equity raise to manage debt, but he said it wouldn't be "prudent to issue more equity to de-lever the company," even though "there's a lot of work to do." The company has obtained export credit financing with favorable terms to fund 80% of the contract price of each of the two Oceania Cruises and Regent Seven Seas Cruises ships. (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. Berths available for sale multiplied by the number of cruise days for the period for ships in service. Anticipated non-newbuild capital expenditures for full year 2022 are expected to be approximately $500 million.
Royal Caribbean saw its stock jump after posting narrower than expected fourth quarter losses and bookings earlier in February. Morgan Stanley had upgraded the rival company in January, naming it the "superior cruise operator" coming out of the pandemic. (3) Non-cash share-based compensation expenses related to equity awards are included in marketing, general and administrative expense and payroll and related expense. (2) Non-cash share-based compensation expenses related to equity awards are included in marketing, general and administrative expense and payroll and related expense. (2) Non-cash share-based compensation expenses related to equity awards, which are included in marketing, general and administrative expense and payroll and related expense.
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. Norwegian Cruise Line shares fell more than 10% on Tuesday after the company posted wider losses than expected and offered soft guidance for the year, despite persistent travel demand. The sum of total cruise operating expense and marketing, general and administrative expense. Fuel price per metric ton, net of hedges increased to $690 from $599 in 2020.
The limitation of this approach is that some companies are quite different from others, even within the same industry classification. As is clear from the image below, Norwegian Cruise Line Holdings has a better ROE than the average (17%) in the Hospitality industry. In 2023, the company had net cash from operating activities of $2 billion and repaid $1.9 billion in debt.
Shares of NCLH stock traded up $0.12 during mid-day trading on Friday, hitting $18.29. The stock had a trading volume of 10,613,099 shares, compared to its average volume of 10,730,688. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The firm has a market cap of $7.79 billion, a PE ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60.
Revenue was ahead of guidance, whereas its net loss was a little more than expected. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on...
However the stock is trading higher thanks to upbeat first-quarter guidance and a full-yea... This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. According to 15 analysts, the average rating for NCLH stock is "Hold." The 12-month stock price forecast is $20.07, which is an increase of 8.25% from the latest price. But the business is otherwise performing quite well, which should be encouraging news for shareholders. Those are the big-picture trends that are meaningful to Norwegian's business. And because the trends are good, the company is guiding for better-than-expected financial results in the upcoming first quarter of 2024.
Total cruise operating expense increased 246.7% in 2021 compared to 2020 as cruise voyages continued to resume in the quarter. As previously stated, based on its current trajectory and market and public health conditions, the Company expects to have positive Adjusted Net Income for the second half of 2022. The Company does not provide estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. We believe that Adjusted EBITDA is appropriate as a supplemental financial measure as it is used by management to assess operating performance.
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