Monday, April 1, 2024

Norwegian Cruise Line Holdings to Hold Conference Call on First Quarter 2024 Financial Results

cruise stock price

Even relatively small absolute value changes in revenue have resulted in enormous percentage changes. The cruise line industry is part of the broader travel and tourism industry, focused primarily on providing sea-based vacation experiences. Companies in the industry own and operate cruise ships in various destinations worldwide, offering a variety of itineraries and themed cruises. The big cruise line companies include Carnival Corp. and Norwegian Cruise Line Holdings Ltd. It was also one of the first to offer cruises in the price range of the average traveler. Although affordable cruises are more common now, the market was previously dominated by luxury voyages.

Cruise stocks may be getting a little ahead of themselves, analyst says

With the Federal Reserve hiking its funding rate by 75 basis points to 1.5% to 1.75%, the highest in two decades, there’s a possibility of a recession. Generally, demand for leisure falls during an economic slowdown as people tend to spend less on discretionary items. Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings to the tune of up to $10 million.

Zacks Value Investor Highlights: JD.com, Owens Corning, Royal Caribbean Cruises, Toyota Motor and Pilgrim's Pride

Over the long term, cruise line stocks may be a good value investment provided you are comfortable with some volatility. This cruise line is still known for its reasonable prices and ability to offer a fun time for everyone. Carnival cruises are popular among families and groups of friends alike, including younger generations. Carnival excels in customer satisfaction, winning the 2021 USA Today Readers' Choice Awards for best ocean cruise line.

Carnival Corp & plc paired Calendar

In fact, cash generated from higher customer deposits has kept them going so far. During the first quarter business update, management disclosed that RCL’s advanced booking volumes have surpassed the record levels achieved in 2019 by 40%, lending optimism to future growth prospects. As RCL commences full-fleet operations during the year, management hopes to return to full profitability by the second half of 2022. The company already achieved a positive operating cash flow in the month of April 2022. These are the cruise line stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors to identify companies that are able to grow revenue organically or through other means and to find growing companies that have not yet reached profitability.

Carnival Corporation & plc Announces Maritime Executive Changes Effective Feb. 1, 2025

Here's why Goldman Sachs just gave Carnival and Royal Caribbean stocks buy ratings - Morningstar

Here's why Goldman Sachs just gave Carnival and Royal Caribbean stocks buy ratings.

Posted: Wed, 13 Mar 2024 07:00:00 GMT [source]

On a positive note, a strong job market, higher household savings, and pent-up demand for travel from the Covid-19 pandemic shutdowns should keep the industry sailing. As most of the cruise company’s stock prices are already battered down, investing in these stocks has become attractive. In May 2022, the company announced it would resume sailing all its cruise ships to meet rising demand. With its full fleet back in service, management expects NCLH to generate positive operating cash flow in the second quarter. The company’s revenues have been growing consistently over the last five quarters. It also delivered positive adjusted EBITDA and a better-than-expected cash burn rate.

The price-to-sales ratio shows how much you're paying for the stock for each dollar of sales generated. According to Lindblad, a majority of guests opted for future travel credits over a refund for voyages that were cancelled or rescheduled due to the pandemic. The travel company has seen significant increases in its booking numbers, even compared to pre-pandemic times. In its third quarter 2021 financial results, it reported that 2022 bookings were 51% ahead of bookings for 2021 and 27% ahead of bookings for 2020. However, it is now experiencing a steady increase in revenues and future bookings. At the end of Q1 2022, revenues surpassed consensus estimates by $10.7 million to register $67.8 million, led by an increase in expeditions and trips.

Financial Performance

In 2023, CCL's revenue was $21.59 billion, an increase of 77.46% compared to the previous year's $12.17 billion. Explore how you can make money from others' adventures, including the frontier of space travel.

Carnival Stock Snapshot

Royal Caribbean, Carnival Cruise Toward 'The Next Wave of the Rising Tide': Goldman Sachs - Markets Insider

Royal Caribbean, Carnival Cruise Toward 'The Next Wave of the Rising Tide': Goldman Sachs.

Posted: Wed, 13 Mar 2024 07:00:00 GMT [source]

The stock had a trading volume of 10,613,099 shares, compared to its average volume of 10,730,688. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The firm has a market cap of $7.79 billion, a PE ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The company's 50-day simple moving average is $18.74 and its 200-day simple moving average is $17.32.

Carnival Corp & plc paired Past Events

cruise stock price

The biggest cruise companies own several cruise lines, with each of the major cruise companies taking a unique approach to keeping its customers loyal. If you want to invest in cruise line stocks, you have several attractive options. Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. Management noted total bookings for future cruises have doubled in Q versus Q1 2022, marking the best volume since the beginning of the pandemic. As such, CCL is bringing more ships into service in order to cater to the higher demand.

The average analyst rating on the stock is a “strong buy.” The average price target is $140.09, representing an upside potential of 48.56% from the current price as of writing. These are the cruise line stocks that had the smallest declines in total return over the past 12 months out of the companies we looked at. CCL slipped 0.5% in premarket trading Wednesday, after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also said it expected the collapse ... Nevertheless, cruise lines tend to have a passionate customer base with plenty of repeat passengers.

The main competitive advantage that Lindblad enjoys is its ability to offer premium, one-of-a-kind experiences. Travelers with Lindblad can book exciting expeditions all over the world, including to Antarctica, the Caribbean coast, and Patagonia. Because of the types of trips offered, Lindblad has built a loyal base of wealthy customers. Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Royal Caribbean launched two ships, Wonder of the Seas and Celebrity Beyond, in the first quarter and second quarter, respectively.

Royal Caribbean (RCL 1.23%) is distinguished as being one of the most innovative cruise lines. Its ships are packed with state-of-the-art amenities, including virtual balconies, massive water slides, skydiving at sea, and even Broadway shows. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Analyst initiates coverage of Royal Caribbean Cruises with Buy rating and price target of $164. While Norwegian Cruise Line currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Most cruise stocks are underperforming the index and are currently trading near their 52-week lows. This might sound paradoxical, as cruise companies are delivering solid growth in revenues. Most companies have strong order books, rising occupancy rates, and considerable increases in customer deposits.

In addition, accounting factors that may not reflect the overall strength of the business can significantly influence earnings per share (EPS). There are just four pure-play cruise line companies easily available to U.S. investors, but we look at them in our usual style. Because the entire industry has suffered losses in recent quarters, the value section below will be based on price-to-sales ratio rather than the usual price-to-earnings ratio (P/E Ratio).

Given higher demand, management expects to commence service on 12 new ships, bringing the number of total fleets to 174 ships by the end of Q3 2022. The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. Wells Fargo & Company reissued an "equal weight" rating and issued a $18.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Susquehanna increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Citigroup dropped their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating for the company in a research note on Monday, February 12th.

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