|Bid||45.34 x 2200|
|Ask||45.35 x 1300|
|Day's Range||45.24 - 45.93|
|52 Week Range||45.00 - 67.69|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||10.64|
|Forward Dividend & Yield||2.00 (4.40%)|
|1y Target Est||N/A|
During the company's most recent earnings conference call, executives discussed the numerous factors behind a disappointing revision in earnings outlook.
Carnival plc (NYSE: CCL ) received a price target cut on Monday due to lower net revenue yield guidance. The company reported earnings on June 20. The Analyst Bank of America analyst David Holmes reiterates ...
It's that time of the year again, when airfares rise, gasoline gets more expensive and Americans descend on travel hotspots for their summer vacations. Whether you're a beachcomber or a theme park junkie, blue skies and warm air call to us all. But the weird thing is, the stocks of many travel-related companies aren't playing along.This comes as a shock given the ebullient attitude on Wall Street these days, as the Federal Reserve does all it can to head off a trade-related economic slump with the promise of more cheap money stimulus. With stocks pushing towards new record highs, many travel stocks simply aren't playing along. * 7 Top S&P 500 Stocks of 2019 (So Far) Here are four names that are coming under pressure and should be sold or trimmed:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Travel Stocks to Sell: Carnival (CCL)Shares of Carnival Cruise Line (NYSE:CCL) dropped like a stone last week to test their late-December lows. They are still mired below their 50-day and 200-day moving averages. This continues a downtrend that has been in play since early 2018, when shares topped near the $69-a-share level. This followed the issuance of downside guidance from management driven by "ongoing geopolitical and macroeconomic headwinds."The company will next report results on Sept. 19 before the bell. When it last reported results on June 20, earnings of 66 cents per share beat estimates by five cents on an 11% rise in revenues. Analysts at Barclays recently downgraded the stock and lowered their price target. Norwegian Cruise Line Holdings (NCLH)Shares of Norwegian Cruise Line Holdings (NYSE:NCLH) fell back below their 200-day moving average Friday. That completed a six-month topping pattern and risks a return to its late-December low. Such a move would be worth a loss of more than 20% from here. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 The company will next report results on Aug. 8 before the bell. Analysts are looking for earnings of $1.31 per share on revenues of $1.6 billion. When the company last reported on May 9, earnings of 83 cents per share beat estimates by 12 cents on an 8.5% rise in revenues. Royal Caribbean Cruises (RCL)Shares of Royal Caribbean Cruises (NYSE:RCL) are falling in sympathy with the guidance downgrade issued by Carnival, with a particular focus on the U.S. government's travel policy change regarding Cuba. Analysts at Stifel are reportedly defending the stock on this issue, but a break below the 200-day moving average looks likely now.The company will next report results on Aug. 1 before the bell. Analysts are looking for earnings of $2.46 per share on revenues of $2.8 billion. When the company last reported on May 1, earnings of $1.31 per share beat estimates by 20 cents on a 20.3% rise in revenues. Southwest Airlines (LUV)Shares of Southwest Airlines (NYSE:LUV) are once again moving below their 50-day moving average, setting up another retest of the lows set in late March and again in late May. Shares are already down more than 22% from the highs set in late 2017 and look vulnerable to a move back to the December low near $44. Shares have been under pressure as a result of the grounding of Boeing's (NYSE:BA) 737 MAX aircraft. * 6 Stocks Ready to Bounce on a Trade Deal The company will next report results on July 25 before the bell. Analysts are looking for earnings of $1.35 per share on revenues of nearly $6 billion. When the company last reported on April 25, earnings of 70 cents per share beat estimates by eight cents on a 4.1% rise in revenues.As of this writing, William Roth did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Telecom Stocks to Set on Speed Dial * 6 Stocks to Sell in the Back Half of 2019 * 7 Top S&P 500 Stocks of 2019 (So Far) Compare Brokers The post 4 Travel Stocks Under Pressure appeared first on InvestorPlace.
Benzinga examined prospects for many investor favorite stocks over the past week. U.S. stocks finished higher for a third straight week, including new highs for the Dow and the S&P 500, bolstered by mid-week signals from the Federal Reserve. While the Fed opted to hold steady on interest rates with a reiteration that the economy remains strong, it did intimate that it is open to an interest rate cut before the end of the year.
Wall Street edged lower on Friday, as U.S. Vice President Mike Pence's decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, while tensions between the United States and Iran undercut sentiment. The S&P 500 briefly hit a record high. Pence called off a planned China speech that had been cast initially as a sequel to a blistering broadside he delivered in October, a move aimed at averting increasing tensions with Beijing, a White House official said.
Carnival Corp (NYSE: CCL ) shares fell Friday in the wake of the cruise line's second-quarter report. The Analyst Wedbush analyst James Hardiman maintained a Neutral rating on Carnival and lowered the ...
Carnival's CFO David Bernstein said during an earnings call on Thursday that net revenue yields for Q3 are expected to stay flat or decline, and to fall in Q4.
Carnival's (CCL) top-line improvement in second-quarter fiscal 2019 can be attributed strength in passenger tickets, and onboard and other as well as tour and other businesses.
Management is confident that the company will weather rough conditions in the near term. Nonetheless, investors sold Carnival shares on Thursday.
Carnival Corp. and its subsidiary Princess Cruise Lines was fined $20 million earlier this month by the U.S. Department of Justice for violating the terms of probation and dumping plastic and other waste overboard. The original transgression cost the company $40 million two years ago. The case points out, pardon the pun, how hard it is to “turn the ship around” when the ship is a large, multinational company.
are under selling pressure Thursday as investors and traders are disappointed yet again in the company's quarterly numbers. In the daily bar chart of CCL, below, we can see that prices have been moving from the upper left to the lower right or just a simple way to express a downtrend. The On-Balance-Volume (OBV) has been listing lower in the water and the Moving Average Convergence Divergence (MACD) oscillator just turned down from below the zero line for another outright sell signal.
The Cuba cruise ban and technical problems with one of Carnival's ship are some of the reasons for the company's lower estimated earnings.
The selloff in Carnival Corp.'s stock following the cruise operators latest earnings report shouldn't surprise investors, as it is the sixth-straight quarter that results disappointed. Although earnings per share and sales have beat expectations the past six quarters, the stock has still declined after each of the reports, by an average of 6.9%, including Thursday's 9.3% drop. The stock is now on track to close at the lowest level since Jan. 3, 2019, after Carnival beat earnings and revenue expectations but cut its full-year profit outlook. The stock has now shed 24% over the past year, while the S&P 500 has gained 6.3%.
Carnival earnings for the second quarter of 2019 have CCL stock falling on Thursday.Source: Via CarnivalThe bad news for Carnival (NYSE:CCL) comes from its outlook for the full year of 2019. The company says that there are several headwinds it is facing that are hurting its outlook. Among these is a change in stance from the U.S. government on travel to Cuba.Due to this and other factors, the Carnival earnings report for the second quarter of the year includes a new outlook. The company says that it is now expecting earnings per share for the year to range from $4.25 to $4.35.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat new outlook for 2019 is below the company's previous earnings per share guidance of $4.35 to $4.55. It also comes as a blow to CCL stock by easily sitting below Wall Street's earnings per share estimate of $4.54 for the full year of 2019."Over the past five years we have demonstrated our ability to overcome multiple headwinds and deliver strong operational improvement," Arnold Donald, President and CEO of Carnival, said in a statement. "This year our growth has been hampered by a confluence of events, which we are focused on mitigating." * 6 Stocks Ready to Bounce on a Trade Deal The poor outlook drags down an already mixed Carnival earnings report. This includes earnings per share for the second quarter coming in at 66 cents. Revenue was also sitting at $4.48 billion for the period. Wall Street's earnings per share and revenue estimates for the period were 61 cents and $4.53 billion for the quarter.CCL stock was down 9% as of noon Thursday. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Carnival Earnings: CCL Stock Sinks on Soggy Outlook appeared first on InvestorPlace.
Investing.com – Carnival (NYSE:CCL) sank Thursday after the cruise company cut its profit outlook as the U.S. ban on cruises to Cuba and higher costs weighed on performance.