Carnival Corp. (CCL) Misses Q1 EPS by 76c
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Morgan Stanley Reiterates Underweight Rating on Carnival Corporation (CCL), Cites Weak Booking Update and Reduced Guidance for Negative View
March 22, 2022 10:43 AM EDTMorgan Stanley analyst Jamie Rollo reiterated an Underweight rating and $18.00 price target on Carnival Corporation (NYSE: CCL).
The analyst comments "CCL ended Q1 with liquidity of $7.2bn (MSe ~$7bn), compared to $9.4bn at Q4, which implies a ~$0.5bn monthly burn excluding a $500m debt repayment and a small customer deposit... More
Stifel Remains Positive on Cruise Fundamentals Following Carnival Corporation (CCL) Earnings
March 22, 2022 10:17 AM EDTStifel analyst Steven Wieczynski reiterated a Buy rating and $33.00 price target on Carnival Corporation (NYSE: CCL).
The analyst comments "We continue to believe in the resilience of the cruise industrys core operating fundamentals and expect operational adjustments made to address the... More
Carnival Corp. (CCL) Issues Q1 Business Update
March 22, 2022 9:15 AM EDTCarnival Corporation & plc (NYSE: CCL) provides first quarter 2022 business update.
U.S. GAAP net loss of $1.9 billion and adjusted net loss of $1.9 billion for the first quarter of 2022.First quarter 2022 ended with $7.2 billion of liquidity, including cash, short-term investments and borrowings available under the company's revolving credit facility. For the cruise segments, revenue per passenger cruise day ("PCD") for the first quarter of 2022 increased approximately 7.5% compared to a strong 2019. This increase was driven by exceptionally strong onboard and other revenue.As of March 22,... More