After Some Headwinds, NCL Stock Sets Up to Cruise Past RCL Stock
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Full-year 2023 revenues grew 32% over pre-Covid-19 levels at $8.55 billion. Bookings hit all-time highs, with pricing reflecting some of the best booking weeks in history. Total occupancy reached 102.9%, with total revenue per passenger cruise day up 17% from 2019. Advanced ticket sales balance ended the year at $3.2 billion, up 52% from the end of 2019. For the quarter ending May 31, 2024, CCL’s revenue is expected to increase 15.2% year-over-year to $5.66 billion. Over the past year, the stock has gained 44.8% to close the last trading session at $14.12.
Three Stock Lunch: Royal Caribbean, Rivian and Etsy
NCLH also has a PEG Ratio of 0.3, a Price/Cash Flow ratio of 7.3X, and a Price/Sales ratio of 0.9X. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks. Royal Caribbean shares are up about 42% in the last year, while the benchmark Russell 1000 Index is up just over 1%.
More Royal Caribbean Group (RCL) News
Knights of Columbus Asset Advisors LLC Acquires 182,430 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE ... - MarketBeat
Knights of Columbus Asset Advisors LLC Acquires 182,430 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE ....
Posted: Sat, 20 Apr 2024 13:31:58 GMT [source]
I've been hard on Norwegian Cruise Line this year, and ranking it third in a three-dog race may seem like another insult. The company has seen its share count and long-term debt increase 26% and 73%, respectively, through the first nine months of this year, and that's not bueno. Its larger rivals have pumped their debt loads by more, but no one has done its future per-share profitability more harm during the lull than Norwegian Cruise Line with all of the new shares printed in 2020. Travel stocks in general have been bad bets for investors in 2021, and cruise line stocks are among the industry's biggest losers. There are just three major publicly traded players, but they're not all built the same.
World Kinect Corporation (NYSE:WKC)
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time. A company's earnings performance is important for value investors as well. For fiscal 2024, five analysts revised their earnings estimate higher in the last 60 days for NCLH, while the Zacks Consensus Estimate has increased $0.11 to $1.26 per share. We selected firms that operate in the cruise industry, picking stocks based on future growth potential, underlying business fundamentals, optimistic analyst coverage, and strong hedge fund sentiment.
Stock , CCL
Below, we look at the top three cruise line stocks with the best value, fastest growth, and best performance. Norwegian Cruise Line CEO Harry Sommer expressed that 2023 was a landmark year for the company. Consumer demand surged back to return to full ships and dull-year profitability.
Why Norwegian Cruise Line (NCLH) is a Top Value Stock for the Long-Term - Yahoo Finance
Why Norwegian Cruise Line (NCLH) is a Top Value Stock for the Long-Term.
Posted: Fri, 19 Apr 2024 13:40:08 GMT [source]
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Norwegian offers a variety of cabin categories, which enables it to accommodate every type of traveler. It was the first cruise line to offer studios exclusively for solo travelers, and it has lodging fit for everyone from people sailing on their own to large families. Published four books by publishers McGraw-Hill, John Wiley & Sons, Marketplace Books and Bloomberg Press. NCLH displays a symmetrical triangle pattern on its daily candlestick chart. This is comprised of a descending trendline formed at $22.73 on July 12, 2023, and a rising lower trendline formed at $12.71 on November 10, 2023. RCL shares were trading at $128.42 per share on Thursday afternoon, up $0.45 (+0.35%).
In terms of the trailing-12-month EBITDA margin, RCL’s 31.29% is 183.3% higher than the 11.04% industry average. Its 44.70% trailing-12-month Return on Common Equity is 297.8% higher than the 11.24% industry average. On the other hand, the stock’s 0.40x trailing-12-month asset turnover ratio is 59.7% lower than the 1x industry average. In terms of the trailing-12-month asset turnover ratio, NCLH’s 0.45x is 55.1% lower than the 1x industry average. Its 36.04% trailing-12-month gross profit margin is marginally lower than the 36.18% industry average. Likewise, the stock’s 1.94% trailing-12-month net income margin is 58.2% lower than the 4.65% industry average.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. NCLH sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Leisure and Recreation Services industry's P/E of 16X, shares of Norwegian Cruise Line are trading at a forward P/E of 14.4X.
Carnival Estimates* in USD
Since last earnings call, demand and bookings have exceeded expectations Adjusted EPS in 2024 is now expected to be $9.90 - $10.10 The company expects to achieve all Trifecta goals in 2024 MIAMI , F... Cruise stocks rallied in intraday trading Tuesday after a strong earnings report and forecast from Norwegian Cruise Line Holdings (NCLH). Shares of cruise companies have surged, but their rally says more about the operators themselves and structural changes in the business than about a surge in travel demand. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
I still rank the three stocks as Royal Caribbean first, Carnival second, and Norwegian Cruise Line third, but all three will outperform the overall market if the cruise industry recovers in the year ahead. Below, we look at the top cruise line stocks for 2023 based on best value, fastest growth, and best performance. The Russell 1000 benchmark figure above is as of May 29, while all other data throughout are as of May 23. This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. Nevertheless, cruise lines tend to have a passionate customer base with plenty of repeat passengers. Over the long term, cruise line stocks may be a good value investment provided you are comfortable with some volatility.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
The company also introduced 3 new ships in 2023, 1 for each brand. 2024 is poised to be exceptional for cruise vacations, with unprecedented booking volumes across different income levels, surpassing pre-COVID-19 levels. Cruise operators and travel agents report heightened interest due to the relative affordability of cruises compared to land-based alternatives. Despite cancellations in other travel sectors, cruise bookings for 2024 are anticipated to break records. With occupancy levels steadily approaching pre-pandemic levels, cruise operators are contemplating adjustments in pricing strategies to capitalize on the skyrocketing demand.
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