42.45 -0.05 (-0.12%)
Pre-Market: 4:10AM EST
|Bid||42.40 x 1400|
|Ask||0.00 x 2200|
|Day's Range||42.19 - 42.86|
|52 Week Range||39.92 - 58.90|
|Beta (5Y Monthly)||1.20|
|PE Ratio (TTM)||9.84|
|Earnings Date||Sep. 24, 2019 - Sep. 29, 2019|
|Forward Dividend & Yield||2.00 (4.61%)|
|Ex-Dividend Date||Feb. 19, 2020|
|1y Target Est||51.66|
The Zacks Analyst Blog Highlights: Norwegian Cruise Line, Carnival Corporation & Plc and Royal Caribbean Cruises
Boston Beer Company, Spirit AeroSystems, Apple, Starbucks and Carnival highlighted as Zacks Bull and Bear of the Day
Cancelled travel bookings and a decline in new orders due to the coronavirus breakout are likely to dent 2020 earnings results for cruise companies.
Remaining passengers who were stuck onboard a cruise ship docked in Cambodia for almost a week left the vessel on Wednesday after they tested negative for the coronavirus, a government official said. MS Westerdam, operated by Carnival Corp's Holland America Line, arrived in the port of Sihanoukville on Feb. 13 having been turned away at five other ports after leaving Hong Kong, which has reported more than 60 cases of the virus and two deaths. The ship came under renewed scrutiny amid Cambodia's quick clearance for passengers to fly home, which was criticised after one American woman who had been on the cruise ship tested positive for the virus over the weekend after a special flight chartered by the cruise reached Malaysia.
Yahoo Finance is maintaining a working list companies that have been affected by the outbreak, and are expected to feel the effects through the first half of the year.
(Bloomberg) -- Cruise ship travel remains a “manageable risk” for now, and it doesn’t make sense to recommend a ban on it, the World Health Organization said, even as the return home of 3,000 travelers from two coronavirus-stricken cruise ships fuels fears of further contagion.“People say we should steer clear of cruise ships, or steer clear of airports or steer clear of certain ethnic groups,” Mike Ryan, executive director of the WHO’s Health Emergencies Program, said at a press briefing Monday at the organization’s Geneva headquarters. “We have to be really careful” of such suggestions. “We need an approach to managing risk that allows us to continue to operate as a society.”The number of reported cases of coronavirus from two Carnival Corp. cruise ships, the Westerdam and the Diamond Princess, continues to raise questions about the effectiveness of containing the virus in such environments. Japanese authorities earlier Monday said 99 more people from the Diamond Princess tested positive for coronavirus. The vast majority of cases in the virus outbreak are in China, and people shouldn’t rush to judgment, Ryan said.“If we’re going to disrupt every cruise ship in the world on the off chance that there might be some potential contact with some potential pathogen, then where do we stop?” he said.To contact the reporter on this story: Hugo Miller in Geneva at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Aarons at email@example.com, Anne PollakFor 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.
(Bloomberg) -- Want to receive this post in your inbox every day? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more.Trade and politics (especially geopolitics) have always gone hand in hand, though generally with the understanding that using trade as a weapon should be kept to a minimum. This past weekend shows us again how much that has changed.At the Munich Security Conference, U.S. Secretary of State Michael Pompeo had some relatively polite words in public to say about the transatlantic alliance, including the security umbrella provided by NATO. Behind the scenes, though, the waters are getting ever more muddied.Tensions are running high over Europe’s refusal to accede to U.S. demands for a full ban on China’s telecom giant Huawei in 5G networks. That’s as Washington continues to warn of the potential for tariffs against Europe on key products like cars and wine.Defense Secretary Mark Esper has now thrown NATO further into the fray. Speaking in Munich, he warned that unless Europe better appreciates the threat from China “it could compromise what is the most successful military alliance in history.”Any rift in NATO may have a major impact on security not just in Europe but also in the Middle East and North Africa. Witness the recent assertiveness of Turkey and Russia.Even so, you can expect Europe to keep pushing back as the U.S. continues to throw politics and trade into the same mixing bowl. America under Donald Trump is perhaps finding out that waving a big stick against longstanding friends without any carrot can backfire.Global HeadlinesContagion threat | More than 3,000 travelers on two coronavirus-stricken Carnival cruise ships are returning home, fanning out to more than 40 countries, fueling fears of further contagion. The startling number of cases on the Diamond Princess, which accounts for the biggest cluster outside of China, and the newly detected case from the Westerdam raise concerns about the effectiveness of containing the virus on cruise ships.China is considering delaying its most high-profile annual political meeting for the first time in decades. Health authorities in Taiwan are scouring travel histories, phone records and security footage to map out everyone who came into contact with a taxi driver who became its first confirmed virus death.Drawing criticism | Rival Democrats battling for the Nevada caucuses later this week have seized on Michael Bloomberg’s Republican past and comments about policing, women and race to argue he has no place in the crowded presidential primary field. Also facing more scrutiny: Amy Klobuchar, who finished third in New Hampshire.(Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.) Joe Biden, meanwhile, brushed off weak showings in the first two 2020 Democratic nominating contests and vowed to be the party’s presumptive front-runner by the end of March.Trade sparring | The chief U.K. Brexit negotiator, David Frost, is due to set out Britain’s goals for talks over its future relationship with the European Union in a speech in Brussels today as the two sides prepare to reach an agreement before the end of the year. The U.K. wants a deal similar to those the EU agreed to with other countries, while French Foreign Minister Jean-Yves Le Drian yesterday pointed to “serious issues,” including fishing.Bleak prospects | Top government officials meeting in Munich made little progress in securing an end to the Libyan civil war, with a senior United Nations official calling an agreed-to arms embargo on the oil-rich North African nation “a joke.” It was part of an effort to end a 10-month conflict between Fayez al-Sarraj, Libya’s UN-backed prime minister, and his rival General Khalifa Haftar. A joint military committee aiming to lock in a permanent cease-fire will start work tomorrow in Geneva.Escalating tensions | Turkey is sending a delegation of military, intelligence and diplomatic officials to Moscow today to seek a way out of the crisis in northwestern Syria that’s straining ties between Ankara and Moscow. Turkey is trying to end an offensive by Russian-backed Syrian forces on the country’s last rebel stronghold of Idlib, while Russia accuses Turkey of failing to abide by agreements to ease hostilities by deploying its forces to the area.What to WatchDemocratic presidential candidates debate Wednesday in Las Vegas ahead of the Feb. 22 Nevada caucuses. Longtime Republican operative Roger Stone is scheduled to be sentenced Thursday for witness tampering and lying to Congress, a case that has sparked a crisis at the Justice Department. Group of 20 finance ministers meet in Saudi Arabia Feb 22-23 where the economic cost of the coronavirus is likely to take center stage. Pompeo began a three-nation visit to Africa yesterday that includes stops in Senegal, Angola and Ethiopia. Iran’s parliamentary elections on Friday are expected to mark the beginning of the end of President Hassan Rouhani’s brand of moderate policies, with hard-liners and ultra-conservatives tipped to win a majority. President Emmanuel Macron’s party chose his health minister to run for mayor of Paris next month after the release of sex videos led its initial pick to withdraw — the latest setback for the French leader.Thanks to all who responded to our pop quiz Friday and congratulations to reader Jack Silvers, who was the first to correctly name Rafael Correa of Ecuador as the former Latin American president who went on trial last week on charges of campaign finance fraud and accepting bribes. Tell us how we’re doing or what we’re missing at firstname.lastname@example.org.And finally ... We’ve had “Howdy Modi.” Now it’s “Namaste Trump.” That’s how the western Indian city of Ahmedabad is advertising the event where the U.S. president and India’s Prime Minister Narendra Modi are expected to share the stage at a cricket stadium on Feb. 24. It follows Modi’s trip to the U.S. in September where he walked hand-in-hand with Trump at a rock concert-like event at a Houston football arena. The Hindi “Namaste” means “hello” in English. \--With assistance from Muneeza Naqvi.To contact the author of this story: Rosalind Mathieson in London at email@example.comTo contact the editor responsible for this story: Karl Maier at firstname.lastname@example.org, Ruth PollardFor 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.
After nearly two weeks cast away in search of a port that would take them, passengers aboard the MS Westerdam cruise ship spoke of an ordeal that was anything but harrowing.
NEW YORK/BENGALURU (Reuters) - The rapid spread of the coronavirus disease is taking a toll on the $46 billion global ocean cruise industry. Dominated by three U.S.-listed companies, Carnival Corp , Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings , the industry is under sharp scrutiny following the virus outbreak that has left one ship quarantined in Asia. Many see Asia as a potential growth area for cruise tourism: 39 cruise brands were active in Asian waters last year, deploying a total of 79 ships, according to trade group Cruise Lines International Association.
Vietnam has turned away a German-owned cruise ship with more than 1,000 passengers on board over fears of coronavirus infections on board, state media reported on Friday. Authorities in Quang Ninh province, home to the UNESCO world heritage site Ha Long Bay, decided on Tuesday not to allow passengers of the ship AIDAvita to disembark on Thursday, the official Vietnam News Agency (VNA) reported. "The vessel has docked in the Philippines, Malaysia and Singapore, which have all reported coronavirus cases," VNA said.
The plight of the cruise ship off Japan with more than 200 coronavirus infections and the shunning of another luxury liner by five ports despite no known cases has led to a sharp change in tack for an industry in shock: avoid Asia. To that end, many cruises in the region are being cancelled while others currently sailing are being re-routed, skipping originally scheduled stops in China, Hong Kong and Singapore. Royal Caribbean Cruises Ltd cancelled 18 cruises in Southeast Asia on Thursday after calling off eight trips to China last week.
SEATTLE, Feb. 13, 2020 /CNW/ -- After being denied entry to several countries, Holland America Line's Westerdam is scheduled to begin disembarking guests at the Port of Sihanoukville, Cambodia, the morning of Friday, Feb. 14, 2020, thanks to the efforts of a coalition of governments that came to the aid of the cruise line. President Trump and his State Department and National Security Council teams worked closely with Cambodian officials and were instrumental in Westerdam gaining access to the port. All results came back negative from the Pasteur Laboratory in Phnom Penh and the results were announced by the Cambodian Health Ministry today.
Carnival Corp. issued updated earnings guidance on Wednesday, speculating on the impact of suspending its cruise operations in Asia until the end of April due to the coronavirus, or Covid-19. It said such measures would affect its 2020 financial performance by $0.55 to $0.65 per share, an estimate which includes what it would have to […]
China’s domestic toll from the raging coronavirus outbreak continued to climb on Wednesday, as the crisis continued to threaten businesses and travel worldwide.
Feb 12 (Reuters) - Cruise operator Carnival said on Wednesday that a potential suspension of its operations in Asia through the end of April due to the coronavirus outbreak would have a $0.55 to $0.65 per share impact on its 2020 earnings.
HANOI/BANGKOK, Feb 12 (Reuters) - Angela Jones is on a cruise to nowhere. For nearly two weeks, the business consultant from the U.S. state of Georgia has been at sea on board the MS Westerdam, a ship of healthy passengers which has been turned away by Japan, Taiwan, Guam and the Philippines over fears that someone on the cruise may have the coronavirus. The latest country to shun the ship, which has 1,455 passengers and 802 crew on board, is Thailand, where the health minister has publicly refused to grant the Westerdam permission to dock.
BEIJING/TOKYO, Feb 14 (Reuters) - The Chinese province at the centre of the coronavirus outbreak reported a record rise in deaths and thousands more infections using a broader definition on Thursday, while Japan became the third place outside mainland China to suffer a fatality. The epidemic has given China's ruling Communist Party one of its sternest challenges in years, constrained the world's second largest economy and triggered a purge of provincial bureaucrats.
Thailand has refused permission for passengers from Holland America’s cruise ship MS Westerdam to disembark, its health minister said on Tuesday, the latest country to turn it away amid fears of the spreading coronavirus.
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BEIJING/GENEVA, Feb 11 (Reuters) - The death toll in China climbed above 1,000, as the World Health Organization (WHO) cautioned that the spread of cases outside of China could be "the spark that becomes a bigger fire" and said the human race must not let the epidemic get out of control. Hubei province, the epicentre out the outbreak, reported 103 deaths on Monday - the most in any single day - after 91 deaths on Sunday.
Carnival Corporation & Plc (NYSE:CCL) received a lot of attention from a substantial price movement on the NYSE over...