Yahoo Finance Organic Growth Boosts Carnival’s Revenue
US Equity Market Update as of September 22
Carnival’s price movement
Carnival (CCL) has a market cap of $39.20 billion. Carnival’s YTD (year-to-date) price movement is stable and going up day by day. After its 3Q15 earnings report, CCL fell 5.49% to close at $49.79 per share. The price movements on weekly, monthly, and year-to-date bases are -4.14%, 2.91%, and 11.69%, respectively. It’s trading at -5.83% on a trailing five-day basis.
Technically, it has broken support of 20-day and 50-day moving averages a few times. Currently, it’s trading at 0.79% below the 20-day moving average, 2.46% below the 50-day moving average, and 6.11% above the 200-day moving average.
The PowerShares Dynamic Leisure and Entertainment ETF (PEJ) invests 4.92% of its holdings in Carnival. The ETF tracks a multifactor, tiered, equal-weighted index of US entertainment and leisure industry stocks. The YTD of PEJ is 4.87%.
Following the Carnival’s competitors and their market cap:
Norwegian Cruise Line Holdings (NCLH) – $13.80 billion
Royal Caribbean Cruises (RCL) – $20.32 billion
Belmond (BEL) – $1.28 billion
Carnival’s 3Q15 performance
Carnival (CCL) and Carnival plc (CUK) operate a dual-listed company in which the businesses of Carnival and Carnival plc are combined, and they function as a single entity through contractual agreements between separate legal entities.
The company has reported net revenue of $4,883 million in 3Q15, an increase of 36.0% compared to net revenue of $3,590 million in 2Q15. The revenue from passenger tickets and cruise on board has increased 38.1% and 18.8%, respectively.
The company has reported net income and EPS (earnings per share) of $1,216 million and $1.56, respectively, in 3Q15. Cash and cash equivalents have increased 80.8%. The debt-to-equity ratio has fallen 0.31, a decrease of 6%.
On July 16, 2015, the company increased its quarterly dividend to $0.30 per share.
On July 23, 2015, Carnival signed an agreement with the Port Authority of Barcelona to invest more than 30 million euros to build and operate its second private cruise terminal there. The port is used by seven of the company’s ten cruise line brands as both a destination and a home port. The company also announced that it will add two ships to its China fleet in 2016, making it the first global cruise company with six total ships based in China.
About Carnival
Carnival and Carnival plc is the largest cruise company in the world, with a portfolio of ten cruise brands in North America, Europe, Australia, and Asia. The brands include Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn Cruise Line, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises, P&O Cruises, and Fathom.
These brands together operate 100 ships in 2015 totaling 219,000 lower berths. Eight new ships are scheduled to be delivered between 2016 and 2018.
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