|Bid||12.90 x 800|
|Ask||13.06 x 800|
|Day's range||11.84 - 13.08|
|52-week range||7.08 - 49.03|
|Beta (5Y monthly)||1.97|
|PE ratio (TTM)||4.80|
|Earnings date||24 Sep 2020 - 28 Sep 2020|
|Forward dividend & yield||2.00 (16.85%)|
|Ex-dividend date||20 Feb 2020|
|1y target est||N/A|
Cruise-line stocks are rocky these days, but the one standout at sea could also be the one standout in your portfolio.
CCL earnings call for the period ending May 31, 2020.
Three of the most beaten-down groups of stocks led today's big day higher for stocks, as investors react to positive news about a potential treatment for COVID-19.
The Dow Jones Industrial Average (DJINDICES: ^DJI) saw the biggest gains on a percentage basis, but the S&P 500 (SNPINDEX: ^GSPC) also climbed more than 1%, and the Nasdaq Composite set a new record high. Carnival (NYSE: CCL) had good news for those following the beleaguered cruise ship industry. Elsewhere in travel, airline giant United Airlines Holdings (NASDAQ: UAL) also achieved an important milestone in its efforts to cut costs and reduce the rate at which it's burning through available capital.
In a business update today, Carnival Corporation (NYSE: CCL) offered both good news and bad news. Carnival said it expects "future capacity to be moderated by the phased reentry of its ships, the removal of capacity from its fleet and delays in new ship deliveries." Including a previously announced sale, the company said a total of 13 ships, or 9% of its current capacity, will be sold within 90 days.
A raft of good news couldn't keep cruise line stocks afloat amid a falling stock market on Thursday -- but Friday is dawning a bit brighter for cruise ship stocks. Royal Caribbean (NYSE: RCL) was up an even better 5.9%, while industry giant Carnival Corporation (NYSE: CCL) (NYSE: CUK) was up a whopping 8.8%. Carnival Corporation probably deserves the lion's share of the credit for today's rally.
It's been nearly a month since Carnival Corporation (NYSE: CCL) shocked the stock market by revealing it was burning through its cash reserves at a faster-than-expected $650 million a month. It's been nearly a month since the company laid down a marker and promised to cut that burn rate to $250 million monthly, the better to help it ride out the recession. In an 8-K filing with the SEC this morning, Carnival updated investors on the state of its business as it crosses the midyear mark.
(Bloomberg) -- Carnival Corp., which plans to begin cruising again next month from German ports, said Italy could be next as it looks to restart its business following the coronavirus shutdown.Chief Executive Officer Arnold Donald said the company’s ships will start with less than half their usual levels of passengers as they implement precautions for social distancing. The response to new cruises has been strong, he said, with 1,000 bookings coming in for the company’s German brand, Aida, immediately after it reopened. Many of the bookings came from first-time cruisers.“We expect demand to be more than adequate to fill ships in a staggered restart,” Donald said on a conference call with investors Friday. “There’s a lot of pent-up demand.”Carnival shares rose as much as 12% in New York trading Friday and were up 8.6% to $15.83 at 11:50 a.m. The stock has suffered along with the rest of the cruise business, falling 71% this year through Thursday.The industry halted sailing around the world in March as Covid-19 spread rapidly. Carnival and other lines had to hustle to return passengers and crew while raising money to blunt the financial impact of the shutdown.The company plans to shed 13 ships and is pushing back deliveries of new ones. Donald said it would be 2022 at the earliest before the company returns to its prior level of passenger capacity. Bookings for 2021 are coming in at prices that are a low- to mid-single-digit percentage below those of earlier periods.Burning CashThe Miami-based company reported a loss of $4.3 billion on sales of $740 million for the quarter that ended in May. The company’s cash burn, with none of its ships sailing, is $650 million a month.Carnival returned 260,000 passengers and 77,000 crew to land amid the crisis. About 3,000 crew members are still at sea.The company holds some $2.6 billion in customer deposits, most of them credits consumers can use for future bookings.Donald said Carnival had “less than our market share of incidents” of the virus on board but received a “disproportionate amount of media attention,” given its size as the industry leader.It’s mounting a public conference on the virus featuring scientists on July 28.The executive said its brands aren’t seeing the same negative perceptions among consumers as they did back in 2012, when Carnival ships experienced high-profile accidents including a fatal crash in Italy and an engine fire in the Gulf of Mexico. “None of the brands have gone to the low levels we experienced at that time,” Donald said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Carnival's (CCL) AIDA Cruises will restart sailing starting August in compliance with hygiene standards and preventive measures to tackle the COVID-19 pandemic.
Cruise line stocks are dropping across the board in Thursday-afternoon trading -- and that just isn't fair. As of 12:35 p.m. EDT, shares of Royal Caribbean (NYSE: RCL) have tumbled 5.2%, Norwegian Cruise Line Holdings (NYSE: NCLH) is down 4.2%, and even industry giant Carnival (NYSE: CCL) (NYSE: CUK) is slipping 2.5%.
The debate on whether schools should reopen in the fall rages on.
Two months after buying some exchangeable debt, a Norwegian Cruise Line investor looks to score a near-term payday.
Cruise shares are rocking again in midafternoon trading, with Norwegian Cruise Line Holdings (NYSE: NCLH) stock up 4.1%, and both Royal Caribbean (NYSE: RCL) and Carnival Corporation (NYSE: CCL) (NYSE: CUK) rising 4.9% apiece through 2:20 p.m. EDT. According to TravelPulse, a joint safety task force formed by Norwegian Cruise and Royal Caribbean called the "Healthy Sail Panel" is hard at work "developing practical social distancing measures" designed to help get cruise ships cruising safely again.
The first cruise ship with a roller coaster won't set sail until next year, but every day in 2020 has been a coaster ride for Carnival, Royal Caribbean, and NCL investors.
Cruise ship stocks fell on Tuesday after reports of more voyage delays surfaced. Carnival said late on Monday its new Mardi Gras ship will not enter service until Feb. 6. Carnival was thus forced to cancel all of the ship's planned departures until the end of January.
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Carnival Corporation & Plc ("Carnival" or "the Company") (NYSE: CCL; CUK) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Carnival securities between January 28, 2020 through May 1, 2020, inclusive (the ''Class Period''). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
Carnival (CCL) revises delivery of its newest ship, Mardi Gras, and puts project, Carnival Radiance, on hold.
The coronavirus bear market was brutal to stocks early in the year, but the S&P 500 (SNPINDEX: ^GSPC) managed to recover much of its lost ground during the second quarter. With the help of some high-flying technology and biotech companies, the S&P is down just 4% at the midway point in 2020. Let's take a closer look at the three S&P stocks with the worst performance so far in 2020 to see if they have a fighting chance to recover.
NEW YORK, July 03, 2020 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Carnival Corporation & Plc (NYSE: CCL, CUK) between.
Carnival's (NYSE: CCL) low stock price and strong brand make it look like a solid way for investors to bet on a rebound in the tourism industry. Previously, I argued that a rapid restart in cruise operations could bring the company back in the third quarter. The spike in new COVID-19 cases is drastically worsening Carnival's risk-to-reward proposition.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Hamilton Beach Brands Holding Company (HBB), Colony Capital, Inc. (CLNY), Sorrento Therapeutics, Inc. (SRNE), and Carnival Corporation & Plc (NYSE: CCL, CUK). On May 11, 2020, Hamilton announced that it could not timely file its 1Q20 10-Q because of “certain accounting irregularities with respect to the timing of recognition of selling and marketing expenses and the classification of certain expenditures within the statement of operations at its Mexican subsidiary.”
Schnitzer Steel, Carnival, Boeing, Facebook and Micron highlighted as Zacks Bull and Bear of the Day