|Bid||5,070.00 x 5600|
|Ask||5,075.00 x 16700|
|Day's range||5,070.00 - 5,100.00|
|52-week range||3,298.00 - 5,285.00|
|PE ratio (TTM)||13.42|
|Dividend & yield||0.00 (0.00%)|
|1y target est||N/A|
European shipbuilders' dominance in the $117 billion passenger ship industry may come under threat as Chinese rivals move into the sector to tap booming local demand for cruise holidays. China's government has earmarked cruise shipbuilding as a major objective in its "Made in China 2025" programme to upgrade its domestic manufacturing and support jobs at its shipyards, as domestic demand for cruise trips increases 30 percent a year. Some European shipbuilders fear China could come to dominate the cruise ship market, much as it has done in cargo ships over recent decades.
Categories: Yahoo FinanceGet free summary analysis Carnival Plc reports financial results for the quarter ended May 31, 2017. Highlights Summary numbers: Revenues of GBP 3,122.25 million, Net Earnings of GBP 299.96 million. Gross margins narrowed from 27.26% to 26.69% compared to the same period last year, operating (EBITDA) margins now 24.23% from 24.70%. Change in operating cash ... Read more (Read more...)
Expectations for the cruise sector are lofty going into earnings season, but Instinet's Harry Curtis and his team think that cruise lines can still beat this high bar. Cruise stocks have performed well this year, although they've taken a bit of a break in recent weeks following Carnival Corp.'s (CCL) earning report in late June. For the second quarter, he expects both Royal Caribbean Cruises (RCL) and Norwegian Cruise Line Holdings (NCLH) to deliver ePS above the high end of guidance.