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  • Quarterly Results Propel Norwegian Cruise Line (NCLH) Stock To Impressive Gain

    Quarterly Results Propel Norwegian Cruise Line (NCLH) Stock To Impressive Gain

    Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) observed a notable uptrend in its stock performance during the Tuesday session. The trend marked a remarkable 19.84% increase in NCLH stock to conclude trading at $19.09. This notable ascent in Norwegian Cruise Line stock was attributed to the unveiling of its quarterly financial performance.

    Norwegian Cruise Line (NCLH) released its fiscal results for the fourth quarter and the entirety of the year concluding on December 31, 2023, while also offering insights into its projections for the first quarter and full year of 2024. The company generated total revenue amounting to $8.5 billion, indicating a significant 32% escalation compared to the corresponding period in 2019.

    Moreover, it reported GAAP net income of $166.2 million, translating to an EPS of $0.39, thus reinstating full-year profitability for the first time since 2019. This achievement was propelled by the Company’s ongoing margin enhancement initiative, which contributed to the amelioration of operating costs.

    Notably, Gross Cruise Costs per Capacity Day stood at approximately $301 for the year, while Adjusted Net Cruise Costs excluding Fuel per Capacity Day amounted to roughly $154, representing a notable 21% reduction compared to the same period in 2022. This marks a consistent four-quarter progression of year-over-year improvement in this metric.

    NCLH also successfully welcomed the delivery of three ships, namely Oceania Cruises’ Vista, Norwegian’s Viva, and Regent’s Seven Seas Grandeur, marking the highest number of deliveries in a single year in the Company’s history. Furthermore, the company anticipated the refinancing of its $650 million backstop commitment from secured to unsecured status.

    As part of this refinancing, the repayment of its $250 million 9.75% senior secured notes due in 2028, characterized by the highest interest rate debt, was also expected. The Norwegian Cruise Line brand continued to witness remarkable demand, evidenced by bookings and pricing surpassing 2023 levels throughout all four quarters of 2024.

    Similarly, Oceania Cruises and Regent Seven Seas Cruises observed robust demand across all regions, with the exception of redeployed itineraries due to cancellations in the Middle East and Red Sea. The Company’s consumer demand remained healthy, reaching an all-time high in booked positions and pricing, reflecting some of the most successful booking periods in its history, commencing from Black Friday and Cyber Monday.

  • The Three Top Cruise Line Stocks to Watch For in 2021

    The Three Top Cruise Line Stocks to Watch For in 2021

    Cruise Line will have its time in the future. For now, let’s watch out for the best in the market.

    The cruise line industry has much to prove as the market has still enough potential. However, the bears are roaming around, as the pandemic seems to prolong. The fact that travel stocks, in general, have been bad bets for investors last year. It wouldn’t be fair enough to rule out that there were some notable performers from the industry, which kept up their progress.

    The cruise line companies operate across the globe and are part of various destinations, offering a variety of itineraries and themed cruises. People use to spend vacations and have parties and enjoy their time out. We might see the demand for such functions increase in the coming time, with the overall situation calming down. Let’s see the three top cruise line stocks to watch for in 2021.

    Norwegian Cruise Line (NCLH)

    Norwegian Cruise Line (NCLH) is the third largest cruise line company in the world by passengers. NCLH stock has been on a roll since October last year. Overall, the company has been on the downward side, with a sequential-quarter increase in debts.

    The CFO of NCLH, Mark A. Kempa during the Q3 report noted that they are positioning the company to overcome the pandemic hurdles and clear its way for long-term financial recovery. Kempa added that they are working on reducing its cost and adapt a strategy to enhance its liquidity profile.

    The company intends to relaunch its vessels and over the longer run, optimize its balance sheet and keep things to move as they were post-pandemic. So, Norwegian being one of the biggest giants in the industry must be in your sight for a potential investment in the long-term.

    Lindblad Expeditions (LIND)

    Lindblad Expeditions (LIND) owns and operates cruise ships. The Company provides cruising and adventure travel to its customers. The company has been working with guests to amend travel plans and refund payments—following the circumstances.

    Lindblad’s ships are working with minimum crew on-board to ensure that the COVID-19 SOPs are being followed. During the past year, the company has focused to gather funds to ensure that they on keep on running smoothly during these stuff times.

    In mid-2020, the company announced that it raised $85 millionthrough private placement issuance of convertible preferred equity to prominent investors. This capital raise is expected to support LIND’s liquidity needs through this year, even if the global pandemic once again causes lockdown.

    Moreover, during Q3 2020, the company reported that it has implemented significant cost reduction strategies. So, investors must keep LIND in their investment book.

    World Fuel Services (INT)

    World Fuel Services (INT) is one of the leading firms that operate across three different segments which include aviation, land, and marine-centered businesses.  INT is part of the Fortune 100 companies.

    INT’s marine business has massively impacted by the pandemic but it has much potential to bounce back. The company has different partners other than cruise lines within its marine sector.

    For investors, the earnings growth rate of the company is 2.5%. The company’s anticipated EPS for this year subject to an increase by a whopping 59.1%. This compares to the industry average EPS growth of 58.5%, as per Zacks. So, INT is another key bet that could be beneficial in the long-term.