Carnival (CCL)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

3,056.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 4,650.00
  • 52 Week Low: 3,049.00
  • Currency: UK Pounds
  • Shares Issued: 183.98m
  • Volume: 569,418
  • Market Cap: £5,622m
  • RiskGrade: 153
  • Beta: 0.26

Carnival shares sink as cruise operator downgrades EPS guidance

By Michele Maatouk

Date: Thursday 20 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Carnival shares sank on Thursday after the cruise operator downgraded its annual earnings per share guidance as it pointed to the US government's ban on cruises to Cuba.
The company downgraded its guidance for 2019 adjusted earnings per share to between $4.25 and $4.35 from between $4.35 and $4.55. Carnival attributed the lower earnings guidance in part to the US government's policy change on travel to Cuba, which it said has had a financial impact of $0.04 to $0.06 per share.

"While the company was able to quickly adjust its itineraries to provide guests with attractive alternative vacation experiences, the suddenness of the regulatory change to this high yielding destination has led to a near-term impact on revenue yields," it said.

On the plus side, revenue at Carnival rose to $4.84bn from $4.36bn, coming ahead of consensus expectations of $4.54bn. Meanwhile, second-quarter adjusted EPS slipped to $0.66 from $0.68 in the same period a year ago, but this was still ahead of expectations of 61 cents.

Chief executive officer Arnold Donald said: "Second quarter earnings included revenue growth from higher capacity and improved onboard spending, more than offset by a drag from fuel and currency compared to the prior year. Second quarter adjusted earnings were better than March guidance by $0.08 per share substantially due to the timing of expenses between quarters."

At 1225 BST, the shares were down 7.9% at 3,716p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Carnival Market Data

Currency UK Pounds
Share Price 3,056.00p
Change Today -6.00p
% Change -0.20 %
52 Week High 4,650.00
52 Week Low 3,049.00
Volume 569,418
Shares Issued 183.98m
Market Cap £5,622m
Beta 0.26
RiskGrade 153

Carnival Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.14% above the market average87.14% above the market average87.14% above the market average87.14% above the market average87.14% above the market average
88.73% above the sector average88.73% above the sector average88.73% above the sector average88.73% above the sector average88.73% above the sector average
Price Trend
67.84% below the market average67.84% below the market average67.84% below the market average67.84% below the market average67.84% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Income
77.19% above the market average77.19% above the market average77.19% above the market average77.19% above the market average77.19% above the market average
65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average65.22% above the sector average
Growth
27.16% above the market average27.16% above the market average27.16% above the market average27.16% above the market average27.16% above the market average
45.21% above the sector average45.21% above the sector average45.21% above the sector average45.21% above the sector average45.21% above the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 13
Sell 1
Strong Sell 1
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Carnival Dividends

  Latest Previous
  Q4 Q3
Ex-Div 21-Nov-19 22-Aug-19
Paid 13-Dec-19 13-Sep-19
Amount 50.00¢ 50.00¢

Trades for 22-Oct-2019

Time Volume / Share Price
16:35 656 @ 3,056.00p
16:35 100,790 @ 3,056.00p
16:29 38 @ 3,057.00p
16:29 37 @ 3,057.00p
16:29 58 @ 3,056.00p

Carnival Key Personnel

Chair Micky Arison
CEO Arnold W Donald

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