Norwegian Cruise Line Holdings Ltd. (NCLH) forecasts that its 2019 earnings per share (EPS) will rise to the rabnge of $5.20- to 45.50 from $4.20 it reported for last year.
Last year had marked a key inflection point for NCLH as it made significant progress towards achieving its Full Speed Ahead 2020 targets. “Our cash generation continues to accelerate and we remain keenly focused on returning meaningful capital to our shareholders, already returning approximately one-third of our three-year targeted capital distribution,” said Mark Kempa, executive vice president and chief financial officer, said in a statement.
“We are confident in our outlook for 2019 and beyond, and have built upon our foundation for measured capacity growth by enhancing our growth profile through 2027, with announced orders for all three of our award-winning brands, now totaling eleven vessels, enabling us to expand our presence both globally and domestically and further diversify our product offerings to continue driving outsized shareholder returns.”
NCLH forecasts net yields to rise between 2.5% and 3.5% as reported and net cruise costs, excluding fuel by about 2.75% per capacity day.