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The company spent the better part of the last year raising funds, with its debt load roughly doubling to $12 billion between December 2020 and the end of March 2020. This should lead to higher interest costs, constraining the company’s long-term profitability. Moreover, shareholders have also been significantly diluted by the company’s equity issuances, with shares outstanding rising to 370 million as of April 2021, up from 213 million in early 2020. Ticket prices have also apparently been strong, trending above 2019 levels. The cruise company reported fourth quarter losses of $1.04 per share, more than analysts' estimates of 85 cents.
RCL, CCL, and NCLH: April Buy, Hold or Sell?
MIAMI--(BUSINESS WIRE)--Brenock Technology and Shoretime Announce Integration and Deal with Norwegian Cruise Line Holdings to Enhance Excursion Management. For the full year 2024, the company expects an adjusted profit of about $635 million, or $1.23 per share. Set sail on an epic 180-day world journey across six continents visiting 43 countries, 101 ports and 81 UNESCO World Heritage sites MIAMI , March 5, 2024 /PRNewswire/ -- Opening up the world to a new ... Sailings explore destinations from Tokyo to Cape Town to Bali to Rio de Janeiro MIAMI , March 26, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise lin...
What Can Investors Expect from Big Tech Earnings?
Despite the promising outlook, not all travel stocks are well-positioned to benefit. Therefore, investors could look to avoid Norwegian Cruise Line Holdings Ltd. (NCLH), given its poor fundamentals and weak growth prospects. On the other hand, waiting for an opportune entry point in Royal Caribbean Cruises Ltd. (RCL) and Carnival Corporation & plc (CCL) could be prudent.
Norwegian Cruise Line Holdings to Hold Conference Call on First Quarter 2024 Financial Results
The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings.
Why You Should Consider Debt When Looking At ROE
The company reported adjusted EBITDA of $1 billion, up 145% over the prior-year quarter. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Top 3 Financial Services Stocks With Unstoppable Momentum
If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier. The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum. Bear in mind, a high ROE doesn't always mean superior financial performance. A higher proportion of debt in a company's capital structure may also result in a high ROE, where the high debt levels could be a huge risk .
CCL’s uncertain outlook justifies its overall rating of C, which translates to Neutral in our proprietary POWR Ratings system. It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 14.42; value investors should take notice. Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better. This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio. Set sail on an epic 59-day Grand Voyage from Barcelona to Singapore Download images of Riviera here MIAMI , Jan. 4, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination... Enjoy up to 50% Off on Select Sailings in 2024 and 2025 MIAMI , Jan. 9, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, is ringing in the new ...
UBS upgrades Norwegian Cruise Line to buy, says shares can rally nearly 30% as bookings improve
Del Rio did not rule out an equity raise to manage debt, but he said it wouldn't be "prudent to issue more equity to de-lever the company," even though "there's a lot of work to do." The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. Beyond what we have stated above, we also have given CCL grades for Growth, Value, and Stability. Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks. Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics.
Company Profile
The firm has a market cap of $7.79 billion, a PE ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The company's 50-day simple moving average is $18.74 and its 200-day simple moving average is $17.32. Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt.
Here's Why Norwegian Cruise Line (NCLH) Fell More Than Broader Market - Yahoo Finance
Here's Why Norwegian Cruise Line (NCLH) Fell More Than Broader Market.
Posted: Wed, 17 Jan 2024 08:00:00 GMT [source]
The guidance comes as the company struggles to reduce the costs and debt weighing down the business. Over the past nine months, NCLH’s stock has declined 13.2% to close the last trading session at $18.02. Cruise Lines International Association (CLIA) predicts 35.7 million passengers will cruise in 2024. Also, member cruise lines will see a 7.5% passenger increase this year. The global cruise market is expected to grow at a 5.1% CAGR, reaching $36.67 billion by 2028. Demand has been so strong that companies are looking to add capacity.
While Norwegian Cruise Line currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days.
In terms of the trailing-12-month gross profit margin, CCL’s 50.52% is 39.6% higher than the 36.18% industry average. Its 19.26% trailing-12-month Capex / Sales is 533.2% higher than the 3.04% industry average. However, the stock’s 3.67% trailing-12-month Return on Total Capital is 39.9% lower than the 6.11% industry average. NCLH’s revenues for the fiscal fourth quarter ended December 31, 2023, came in at $1.99 billion.
The company’s adjusted net loss and adjusted loss per share narrowed 82.5% and 82.7% to $77.12 million and $0.18, respectively. In addition, as of December 31, 2023, its cash and cash equivalents came in at $402.42 million, compared to $946.99 million as of December 31, 2022. Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook.
It is ranked last out of four stocks in the Travel – Cruises industry. However, these companies are still laden with massive debt, which they had undertaken during the pandemic to stay afloat. The high debt levels have meant that cruise lines slowed capital expenditures, delayed overhaul projects, and deferred new construction. Cruise companies are tackling challenges like over-tourism, with destinations around the world limiting or outright banning them from ports.
MIAMI , Feb. 15, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that the premiere issue of their brand new Your World magazine ... MIAMI , March 20, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced the appointment of its two Master Chefs of France, Chef Alexi... See our analysis on Norwegian Cruise Line Stock Chances Of Rise for more details on the stock’s recent performance and where it could be headed.
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