Carnival (NYSE:CUK) 주식

Carnival

Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted 14 million guests in 2024.

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이들 10개 대형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 리비안 오토모티브(NASDAQ:RIVN)는 회사가 생산량을 단순화하고 비용을 절감했으며 폭스바겐과의 합작 투자 계획을 발표했다는 보도가 나온 후 지난주 주가가 30.04% 급등했다. 

리비안과 카바나는 지난주 최고의 성과를 보인 10대 대형주 중 일부 (6월 23일-6월 29일)

Carnival PLC

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Shares of cruise line stocks are trading lower after Commerce Secretary Howard Lutnick recently suggested in an interview that those companies will have to start paying U.S. taxes.

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Economics

General

Benzinga Market Summary: S&P Falls On Weak Walmart Guidance, Cruise Stocks Fall After Commerce Secretary Lutnick Suggests US Tax Crackdown

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Viking Global Investors' Latest 13F Filing Reveals Dissolved Stakes In Apple By 4.86M Shares, Workday By 3.27M Shares, Las Vegas Sands By 8.67M Shares, McDonald's By 1.12M Shares, Vertiv Holdings By 2.81M Shares, Acadia Healthcare By 3.70M Shares, CBRE Group By 1.57M Shares, Carnival By 9.56M Shares, Freeport-McMoRan By 3.14M Shares, Eli Lilly By 152K Shares, 3M By 840.75K Shares, Ameriprise Financial By 243.06K Shares, Tesla By 436.27K Shares, Rogers Communications By 2.70M Shares

Shares of companies within the broader consumer discretionary sector are trading lower following U.S. tariffs concerns.&nbsp;
Shares of companies within the broader consumer discretionary sector are trading lower following U.S. tariffs concerns.&nbsp;

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Shares of travel-related companies are trading lower as investors evaluate U.S. tariff concerns which may negatively impact consumer travel decisions.

Proceeds from the offering of senior unsecured notes to be used to redeem $2.03 billion 10.375% senior priority notes due 2028&nbsp;
MIAMI, Jan. 28, 2025 /PRNewswire/ -- Carnival Corporation &amp; plc ((NYSE/LSE: CCL, NYSE:<a href="https://www.benzinga.com/stock/CUK#NYSE">CUK</a>) today announced that Carnival Corporation (the "Company") priced its private offering (the "Notes Offering") of $2.0 billion aggregate principal amount of 6.125% senior unsecured notes due 2033 (the "Notes"). The Company expects to use the net proceeds from the Notes Offering, together with cash on hand, to redeem the $2.03 billion 10.375% senior priority notes due 2028 (the "Senior Priority Notes") of Carnival Holdings (Bermuda) Limited ("Carnival Bermuda").
The Notes Offering and the redemption of the Senior Priority Notes are a continuation of the Company's strategy to reduce interest expense, simplify its capital structure and manage its future debt maturities. The Company expects to reduce net annual interest expense by over $80 million as a result of the transaction. In addition, the indenture that will govern the Notes is expected to have investment grade-style covenants.

Offerings

Carnival Corporation & plc Prices Offering Of $2B 6.125% Senior Unsecured Notes Due 2033

Shares of cruise stocks are trading higher in sympathy with Royal Caribbean, which rose after reporting Q4 financial results .

Royal Caribbean Exec Says Co Sees Particularly Healthy Demand In North America

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Shares of travel-related companies are trading higher as stocks rise following softer-than-expected December Core CPI data, which could improve concerns regarding inflation.

Investment in Alaska means enhanced experience at the doorstep of Denali National Park
SEATTLE, Jan. 7, 2025 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4334806-1&amp;h=1722801453&amp;u=https%3A%2F%2Fwww.hollandamerica.com%2F&amp;a=Holland+America+Line">Holland America Line</a>, the cruise line with the longest history of exploring Alaska, announced a $70 million capital investment that will expand guest capacity while elevating the line's <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4334806-1&amp;h=2235450554&amp;u=https%3A%2F%2Fwww.hollandamerica.com%2Fen%2Fus%2Fcruise-destinations%2Falaska-cruises%2Falaska-land-sea-journey-cruise-tours%2Fdenali-lodge&amp;a=Denali+property+experience">Denali property experience</a> and enhancing its popular land and sea Cruisetours. The investment will build on Holland America's position with more opportunities for glacier viewing and more ways to see Alaska's wildlife than any other cruise line.

Contracts

Carnival's Holland America Line Announces $70M Multi-Year Expansion To Enhance Denali Lodge And Alaska Cruisetours

Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) stock surged on Friday after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42617230/carnival-corporation-plc-outperforms-fourth-quarter-guidance-reports-record-full-year-operating-re" rel="noreferrer noopener">better-than-expected fourth-quarter 2024 results</a>.
The company reported fourth-quarter adjusted EPS of $0.14, compared to a $0.07 loss a year ago, and <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus estimate of $0.08.</a>
Carnival reported quarterly sales growth of 10% year-over-year to $5.938 billion, marginally beating the street view of $5.932 billion.
The company registered an operating income of $561 million, up 46.1% YoY. Adjusted EBITDA in the quarter stood at $1.22 billion, up 28.9% YoY, and margin expanded to 20.6%.
Carnival reported record booking volumes for 2025 and 2026 despite lower inventory and seasonal slowdowns. With nearly two-thirds of 2025 already booked, the company expects another year of strong yield improvement. The company ended the quarter with $4.155 billion of liquidity.
&#8220;We are delivering long-term value for our shareholders through improved operational execution across our brands, essentially on a same ship basis. We ended 2024 with adjusted ROIC of 11 percent, comfortably above our cost of capital. In fact, with one year down, we&#8217;re already over 80 percent of the way toward achieving our 2026 SEA Change EBITDA and adjusted ROIC targets,&#8221; commented Carnival Corporation &amp; plc&#8217;s Chief Executive Officer Josh Weinstein.
Q1 2025 Outlook: Carnival expects net yields to be up approximately 4.6% YoY and Adjusted cruise costs, excluding fuel per ALBD, to rise 3.4% YoY, both in constant currency.
The company sees Adjusted EPS of $0.00 for the quarter <a href="https://www.benzinga.com/calendars/guidance">versus $0.01 loss consensus.</a>
2025 Outlook: Carnival projects net yields (in constant currency) up approximately 4.2% YoY.
CCL sees adjusted EPS of ~$1.70 versus consensus of $1.74 for the fiscal. Fuel consumption of 2.9 million metric tons at an average cost of $617 per ton, resulting in a total fuel expense of $1.89 billion
The company projects cruise costs per ALBD (excluding fuel) to rise 3.7% due to dry-docks, advertising, and Celebration Key, with adjusted net income of $2.3 billion (+20%), adjusted EBITDA of $6.6 billion, and an adjusted ROIC of 11.7%.
Price Action: CCL shares are trading higher by 2.98% at $25.93 at the last check Friday.
Image via Carnival Corporation.

Earnings

Guidance

Carnival Cruises Into Success With Record Bookings And Strong Q4 Earnings

Carnival shares are trading higher following better-than-expected Q4 financial results.

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Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Shares of travel and tourism-related stocks are trading higher. Market participants may be reacting to the US presidential election and its impact of consumer spending and the tourism industry.

Shares of cruise stocks are trading lower in sympathy with RCL, which dropped after reporting mixed Q3 financial results.

Shares of cruise companies are trading higher amid a drop in the price of oil, which can help decrease costs.

Shares of cruise companies are trading higher. The industry may be moving on continued strength after recent fears surrounding Hurricane Milton have curbed and fuel costs, which are a major expense for cruises, dropped in price.

Shares of travel and hotel-related stocks are trading lower amid heightening geopolitical tensions after Iran launched a missile attack on Israel, which could impact global travel demand.

Editor&#8217;s Note: This story has been updated to correct an error in the reported estimate for Carnival&#8217;s fourth-quarter earnings. 
Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) stock slid Monday following the <a href="https://www.benzinga.com/pressreleases/24/09/n41093143/carnival-corporation-plc-reports-record-setting-operating-results-outperforms-third-quarter-guidan" target="_blank" rel="noreferrer noopener">third-quarter print</a>.
The company reported third-quarter adjusted EPS of $1.27,&nbsp;beating the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.16.</a>
Carnival reported quarterly sales of $7.90 billion,&nbsp;up 15.2% year over year, beating the street view of $7.83 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40879412/cruise-stocks-to-sail-smoothly-into-2025-analyst-sees-zero-signs-of-softening" rel="noreferrer noopener">Cruise Stocks To Sail Smoothly Into 2025: Analyst Sees &#8216;Zero Signs Of Softening&#8217;</a>
The company registered an operating income of&nbsp;$2.2 billion, up by 34% Y/Y. Adjusted EBITDA in the quarter under review pegs at $2.8 billion, up 25% Y/Y.
The company continues to experience strong bookings momentum driven by booking volumes for 2025 sailings. The company ended the quarter with&nbsp;$4.5 billion&nbsp;of liquidity.
&#8220;Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years,&#8221; commented Carnival Corporation &amp; plc&#8217;s Chief Executive Officer&nbsp;Josh Weinstein.
Outlook:&nbsp;Carnival&nbsp;projects fourth-quarter net yields (in constant currency) up approximately&nbsp;5.0%.
It expects fourth-quarter adjusted EPS of $0.05, versus the estimate of $0.07. It expects fourth-quarter adjusted EBITDA of approximately $1.14 billion, up 20% Y/Y.
For 2024, the company expects net yields &nbsp;(in constant currency) up approximately 10.40% Y/Y (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39481992/carnival-rides-the-wave-strong-bookings-and-robust-q2-earnings-boost-outlook" rel="noreferrer noopener">prior view: 10.25%</a>). Carnival expects adjusted EPS of $1.33 (prior view: $1.18), above the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $1.21</a>. It projects adjusted EBITDA of approximately&nbsp;$6.0 billion, up 40% Y/Y (prior view: $5.83 billion).
Carnival&nbsp;stock is up over 32% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOT#NYSE">VOT</a>) and iShares Russell Mid-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWR#NYSE">IWR</a>).
Price Action: CCL stock is down 2.08% to $18.16 at last check Monday.
Image: Viola from Pixabay
Also Read:
<ul>
<li><a href="https://www.benzinga.com/general/travel/24/09/40835139/cruise-industry-sees-steady-rise-in-web-traffic-while-other-travel-sectors-decline" target="_blank" rel="noreferrer noopener">Cruise Industry Sees Steady Rise In Web Traffic While Other Travel Sectors Decline</a></li>
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Equities

Carnival Q3 Earnings: 15% Topline Growth, Record Operating Income, Guidance Boost And More (CORRECTED)

Carnival shares are trading lower following Q3 earnings.

Carnival shares are trading higher after Mizuho maintained an Outperform rating on the stock and raised its price target from $22 to $25.

Press Releases

SEABOURN QUEST EMBARKS ON MAIDEN ALASKA SEASON, OFFERING EXCLUSIVE VENTURES BY SEABOURN EXPERIENCES FOR 2025

Entertainment

Five New Holland America Line Legendary Voyages Promise Grandeur in 2026-2027

Holland America Line and The HISTORY Channel™ Introduce Multi-Year Partnership Featuring Exclusive Historically Focused Itineraries and Immersive Shore Excursions

P&O Cruises reports record-breaking January

Carnival Corporation & plc Announces Closing of $2.0 Billion 6.125% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction

Princess Cruises Expands Alaska National Parks Cruisetours Adventures in 2025 and 2026

THE ROUTE OF THE VIKINGS: CASTLES, FJORDS AND ANCIENT LOCHS TO HEADLINE SEABOURN'S 2025 NORTHERN EUROPE SEASON

Carnival Corporation & plc Announces the Redemption of Existing $1.0 Billion 10.500% Senior Unsecured Notes due 2030 and Launch of New Senior Unsecured Notes Offering for Interest Expense Reduction

Carnival Corporation & plc Announces Pricing of $1.0 Billion 5.750% Senior Unsecured Notes Offering for Refinancing and Interest Expense Reduction

IN FIVE MONTHS, CARNIVAL CRUISE LINE WILL UNLOCK FIVE PORTALS TO PARADISE AT CELEBRATION KEY

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