Thu, Jul. 14, 10:29 AM
- Norwegian Cruise Line Holdings (NCLH +0.7%) CEO Frank Del Rio issued some positive insight on trends in the cruise line sector during an interview with TheStreet.
- The exec cited ticket price increases and strong demand in emerging markets as two positive factors amid a tough year headlined by Brexit and terrorism incidents.
- Del Rio's outlook: "It's a very resilient industry, and we are marching through these difficult periods. But fundamentally I see the American consumer, even the European consumer, being strong."
- Related stocks: CUK, CCL, RCL.
Tue, Jun. 28, 9:17 AM
Mon, Jun. 27, 9:13 AM
Wed, Jun. 1, 1:46 PM
Thu, May 5, 7:31 AM
- Dane Capital Management tips off that Lindblad (NASDAQ:LIND) is now booking cruises to Cuba. An official announcement from the company hasn't been made yet.
- While the cruise line operator is ignored by Wall Street firms, Dane notes it trades at an attractive valuation to peers and is well-positioned to benefit from the Cuban travel market.
- Lindblad announces Q1 earnings tomorrow.
- Related stocksL CCL, RCL, NCLH, CUK.
Thu, Apr. 14, 8:47 AM
Thu, Jan. 14, 12:38 PM
- Carnival (NYSE:CUK) declares $0.30/share quarterly dividend, in line with previous.
- Forward yield 2.24%
- Payable March 11; for shareholders of record Feb. 19; ex-div Feb. 17.
Sat, Jan. 2, 9:48 AM
- The cruise line sector is expected to have another banner year in 2016 off strong global demand.
- Carnival (CCL, CUK), Royal Caribbean (NYSE:RCL), and Norwegian Cruise Line Holdings (NASDAQ:NCLH) all smashed broad market averages last year with net revenue yields boosted by higher pricing and onboard spending. Strong booking trends and lower fuel costs also played in.
- Barron's sees +20% gains this year in the sector due to the favorable trends. All eyes now turn to China where several operators expect capacity growth to start paying off in the undersaturated market. Early indications are that wealthy Chinese consumers are taking to the leisure cruise concept.
- Carnival trades with a forward price-to-earnings ratio of 14, while Norwegian at 15.5 and Royal Caribbean at 16.3 are both reasonably valued. All three are seen delivering +10% operating margins this year.
- Barron's taps Carnival to show the biggest gain in the sector. Carnival also offers investors the highest dividend of the trio with a 2.2% yield.
- Related: $2 gas leads to bump for consumer playtime stocks (Dec. 30, 2015)
Dec. 30, 2015, 12:24 PM
- Carnival plc (CUK +0.7%) signs a memo of agreement with Italian shipbuilder Fincantieri S.p.A. to build four new cruise ships. The contracts should be finalized in 2016.
- Two will be deployed in China through Costa Asia, one will go to P&O Cruises Australia and one to Princess Cruises. The ships for Costa Asia and P&O will trim out at 135,500 tons and carry 4,200 passengers. The Princess vessel, trimming at 143,700 tons, will carry 3,560 passengers. Specific features and amenities will be revealed in the coming months.
- The Costa Asia ships will feature its "Italy's finest" experience which will immerse passengers in Italy's unique style, hospitality, entertainment and culinary excellence.
- The P&O vessel is its fifth. A sixth, Pacific Explorer, will be introduced in 2017. Australia is one of the top performing cruise markets in the world with an annual passenger growth rate of 20% over the past 10 years.
- The Princess ship will feature a central atrium hub with multiple dining, entertainment and retail venues, an outdoor cinema and 80% of staterooms with balconies.
- Deliveries are projected to be in 2019 and 2020.
Dec. 18, 2015, 9:19 AM
- Carnival (NYSE:CCL): FQ4 EPS of $0.50 beats by $0.08.
- Revenue of $3.71B (-0.3% Y/Y) misses by $10M.
Sep. 22, 2015, 9:20 AM
- Carnival (NYSE:CCL): FQ3 EPS of $1.75 beats by $0.13.
- Revenue of $4.9B (-1.0% Y/Y) beats by $80M.
Aug. 14, 2015, 12:40 PM| Aug. 14, 2015, 12:40 PM | 4 Comments
Jul. 16, 2015, 11:16 AM
- Carnival (NYSE:CUK) declares $0.30/share quarterly dividend, 20% increase from prior dividend of $0.25.
- Forward yield 2.22%
- Payable Sept. 11; for shareholders of record Aug. 21; ex-div Aug. 19.
Jun. 23, 2015, 9:18 AM
- Carnival (NYSE:CCL): Q2 EPS of $0.25 beats by $0.09.
- Revenue of $3.6B (-0.8% Y/Y) beats by $40M.
Apr. 20, 2015, 10:50 AM
- Cruise line stocks trade lower after 2015 guidance from Royal Caribbean comes in below expectations.
- Concerns in the sector include higher fuel prices, the impact of a strong U.S. dollar, and tepid demand from European travelers.
- Declliners: Carnival (NYSE:CCL) -0.7%, Carnival ADRs (NYSE:CUK) -1.2%, Norwegian Cruise Line Holdings (NASDAQ:NCLH) -1.7%.
- Previously: Royal Caribbean Cruises beats by $0.06, misses on revenue
- Previously: Royal Caribbean -5.8% after guidance disappoints
Mar. 27, 2015, 9:46 AM
- The cruise sector is rallying hard after Carnival beats on the bottom line and issues strong booking guidance.
- The benefit from lower oil prices during Carnival's quarter appears to have come in even larger than what some analysts forecast.
- Gainers: Norwegian Cruise Line Holdings (NASDAQ:NCLH) +4.4%, Royal Caribbean (NYSE:RCL) +5.0%, Carnival ADRs (NYSE:CUK) +4.9%.
- Previously: Carnival beats by $0.10, misses on revenue
- Previously: Carnival sees large FQ1 benefit from lower fuel costs
Carnival Plc operates as a global cruise and vacation company. It offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. Its cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises... More
Industry: General Entertainment
Country: United Kingdom
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