53.34 0.00 (0.00%)
After hours: 5:20PM EDT
|Bid||53.32 x 800|
|Ask||53.32 x 800|
|Day's Range||53.12 - 54.53|
|52 Week Range||39.36 - 59.71|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||11.92|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of cruise ship operators slumped in midday trading Monday, amid concerns that the spike in crude oil prices could act as a drag on earnings. Carnival Corp.'s stock fell 2.6%, Royal Caribbean Cruises Ltd. shares lost 1.3% and Norwegian Cruise Line Holdings Ltd. shares dropped 2.2%, all underperforming the S&P 500's 0.5% decline. Crude oil futures shot up 11.5% after the weekend attack on Saudi Aramco's Abqaig oil processing plant. Instinet analyst Harry Curtis said the impact on earnings for cruise operators depends on how long it takes to get full production at the oil processing plant up and running. He estimates a sustained 10% jump in oil prices could cut annual earnings for Carnival by 24 cents a share, Royal Caribbean by 17 cents a share and Norwegian by 9 cents a share. "If the production gap is filled within days rather than weeks or months, then we believe close-in weakness in the stocks...should be viewed as a buying opportunity, much like the temporary impact of hurricanes," Curtis wrote in a note to clients.
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Miami-area firms rallied in support of the Bahamas in the aftermath of Hurricane Dorian's devastation, especially cruise companies.
As Hurricane Dorian hits the Bahamas, shares of cruise companies and hotels fell as tourism stalled and insurance shares dropped as the companies released money for damage relief.
Hurricane Dorian, now a Category 2 storm, has spent the last 24 hours battering the Bahamas, a popular destination for South Florida-based cruise companies. As the hurricane approached, Doral-based Carnival Corp. (NYSE: CCL), Miami-based Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH) and Miami-based Royal Caribbean Cruises Ltd. (NYSE: RCL) were forced to reroute ships and cancel itineraries to avoid the storm. In addition to the impact the storm had on the Bahamas, PortMiami in Miami and Port Everglades in Fort Lauderdale closed in anticipation of the hurricane's effects on the Florida coast.
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Miami-based Norwegian Cruise Line Holdings Ltd. was hit with a lawsuit over its operations at Cuban ports. Kentucky-based Havana Dock Corp. filed the lawsuit Tuesday in U.S. District Court for the Southern District of Florida. Havana Dock Corp. claims in the lawsuit that the Cuban government seized waterfront commercial property in the Port of Havana from the company in 1960.
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Pres. & CEO of NCL of Norwegian Cruise Line Holdings Ltd (30-Year Financial, Insider Trades) Andrew Stuart (insider trades) sold 25,000 shares of NCLH on 08/16/2019 at an average price of $50.01 a share. Continue reading...
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Rumblings of a recession and a downturn in economic outlook may be on the horizon, but Norwegian Cruise Line Holdings doesn't seem concerned. In the company's second quarter earnings call on Thursday, CEO Frank del Rio spoke of a "global consumer demand environment that has remained healthy and may be getting healthier — even as we […]
Higher passenger ticket revenues lead to year-over-year growth in Norwegian Cruise Line's (NCLH) top line in the second quarter of 2019.
Norwegian Cruise Line (NCLH) delivered earnings and revenue surprises of 3.17% and 2.49%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?