Upcoming AWS Coverage on Norwegian Cruise Line Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 15, 2017 / Active Wall St. blog coverage looks at the headline from the world's largest leisure travel Company, Carnival Corp. and PLC (NYSE: CCL) (NYSE: CUK) as the company announced on February 14, 2017, that Cuba has granted approval to Carnival Cruise Line brand to begin operations of sailing to Cuba starting in June 2017. Currently, Carnival Corporation set out as the first US cruise Company to sail to Cuba in over 40 years, with its Fathom brand. Register with us now for your free membership and blog access at:

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One of Carnival Corp.'s competitors within the Resorts & Casinos space, Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH), announced on February 09, 2017, that it will report its Q4 and full year 2016 financial results on Wednesday, February 22, 2017 at 7:00 a.m. ET. The Company will also hold a conference call to discuss results at 11:00 a.m. ET on the same day. AWS will be initiating a research report on Norwegian Cruise Line in the coming days.

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The Announcement

Carnival Corporation plans to begin sailing its Carnival Cruise Line brand to Cuba in June 2017, to meet the elevated demands from US travelers to the Caribbean island nation. Carnival Cruise Line will launch its Carnival Paradise ship, with a capacity of 2,052 passengers, for a series of four, and five-day voyages from Port Tampa Bay in Florida to Havana, Cuba.

Carnival Corporation, the parent Company, was the first US based line to sail to the island after almost 40 years, in May 2016, scheduled to conclude in May 2017. Carnival will sail Paradise, post the closure of the Fathom brand. The Company will operate 4 and 5-night cruises from Tampa on a series of sailings between June and October, 2017, along with one slated for May 2018.

The Carnival Paradise

The Paradise debuted in the year 1998. The ship weighs approximately 70,367 tons and can hold 2,052 passengers at double capacity. Carnival plans four visits to the island, where a four-night cruise leaves on June 29, July 13, August 24, September 7, and September 21, 2017. On the heels of this announcement, comes the only planned 2018 visit to Cuba, by any US based cruise line, as of now. The five-night cruise will hit the waters on August 14, August 28, September 25, and October 9. The longer 5-day cruises will route through Cozumel or Key West along with Havana.

Growth Prospects

Carnival Cruise Line views this announcement as a step to maximize revenues while delivering, one-of-a-kind vacation experience. This declaration closely follows the announcements from Norwegian Cruise Line and Royal Caribbean which will also offer short cruise visits to Havana. Royal Caribbean and Carnival plan to sail from Tampa, while Norwegian will execute sailing operations from Miami. Cuba has recently viewed rapid inflow of US travelers into the country after the country lifted its travel restrictions on Americans in 2015.

Arnold Donald, CEO of Carnival Corporation, views this agreement as a future growth opportunity once the Company expands its cruise vacations to Cuba in H2 FY17. Donald anticipates that the Company will be granted approval by Cuba for additional Carnival Corporation brands. The Caribbean, being one of the most popular regions for cruising, is set to expand the firm's itineraries across several of the brands to include Cuba.

Stock Performance

At the closing bell, on Tuesday, February 14, 2017, Carnival Corp.'s stock slightly fell 0.16%, ending the trading session at $56.37. A total volume of 2.76 million shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have surged 23.89% and 28.74%, respectively. Moreover, the stock gained 8.28% since the start of the year. Additionally, the stock is trading at a PE ratio of 15.03 and has a dividend yield of 2.48%. The net market capital for the Company stood at $40.57 billion as of Tuesday's closing price.

Shares of Carnival PLC fell marginally by 0.04% to end the Tuesday's trading session at $55.27. A total volume of 288.74 thousand shares exchanged hands by the closing bell. The stock has surged 11.91% in last three months and 18.51% since last six months. The net market capital for the Company stood at $40.63 billion. Moreover, the dividend yield for the stock was 2.53%.

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SOURCE: Active Wall Street