Viking (NYSE:VIK) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Viking (NYSE:VIK) released its quarterly earnings results on Tuesday. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09, Zacks reports.

Viking Stock Performance

Viking stock opened at $42.95 on Tuesday. The company has a 50-day simple moving average of $47.81 and a 200-day simple moving average of $42.62. Viking has a one year low of $25.71 and a one year high of $53.14.

Wall Street Analyst Weigh In

VIK has been the topic of several recent research reports. Stifel Nicolaus upped their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Truist Financial lifted their target price on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Finally, Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.13.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.