Carnival (NYSE:CCL) Swings to Profit in First Quarter; Shatter 2013 Guidance – CCL, NCLH, CUK, RCL

The Miami, Florida-based Carnival Corporation (NYSE:CCL) swung to profit in fiscal Q1 after a loss in the similar quarter in previous year, even as the company deals with a series of embarrassing mechanical issues impacting 4 of its ships.

The cruise operator announced net earnings of $37 million or $0.05 a share for fiscal Q1, evaluated against a net loss of $139 million or $0.18 per share in same quarter previous year.

Previous year quarter comprised $0.22 a share of Ibero goodwill and trademark impairment charges.

Adjusted net income for three months period was $65 million or $0.08 a share, evaluated against $13 million or $0.02 a share in same quarter previous year.

Thomson Reuters 14 analysts survey on average forecasted Carnival to announce EPS of $0.02 for fiscal Q1.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH) fell -0.58% to settle at $29.82, Carnival plc (ADR) (NYSE:CUK) moved down -2.67% to end at $36.13 while Royal Caribbean Cruises Ltd. (NYSE:RCL) dropped -1.95% to finish at $33.71 on Friday.

Carnival Corporation (NYSE:CCL) last session’s volume of 18.68 million shares was surprisingly higher than its average volume of 5.42 million shares. The stock after opening at $34.04 hit high price of $35.26 and then closed at $34.95 by scoring -2.18%.

The liquidity measure in recent quarter results of the company was recorded 0.47 as current ratio and on the other side the debt to equity ratio was 1.44 and long-term debt to equity ratio remained at 1.44. The Company had total book value per share as $3.77 in the most recent quarter.

The stock’s price volatility was 2.83% for a week and 3.02% for a month as well as price volatility’s Average True Range for 14 days was 0.10 and its beta remained at 1.80.

CCL generated revenue of $115.63 million in the previous twelve months and earned -$9.33 million. The Company showed a negative -8.07% in the net profit margin as well as in its operating margin which remained at 14.01%. Company’s annual sales growth for the past five years was 39.48%.

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