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Trade-Ideas: Carnival Corporation (CCL) Is Today's Pre-Market Mover With Heavy Volume Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Carnival Corporation (CCL) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Carnival Corporation as such a stock due to the following factors:

  • CCL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $113.3 million.
  • CCL traded 327,932 shares today in the pre-market hours as of 8:18 AM, representing 10.2% of its average daily volume.

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More details on CCL:

Carnival Corporation operates as a cruise and vacation company worldwide. The company operates in two segments, North America; and Europe, Australia, and Asia. Currently there are 3 analysts that rate Carnival Corporation a buy, no analysts rate it a sell, and 12 rate it a hold.

The average volume for Carnival Corporation has been 3.9 million shares per day over the past 30 days. Carnival has a market cap of $21.3 billion and is part of the services sector and leisure industry. The stock has a beta of 1.16 and a short float of 4.4% with 4.87 days to cover.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Carnival Corporation as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and feeble growth in the company's earnings per share.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 192.8% when compared to the same quarter one year prior, rising from $14.00 million to $41.00 million.
  • The current debt-to-equity ratio, 0.42, is low and is below the industry average, implying that there has been successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.22 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • CARNIVAL CORP/PLC (USA) reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CARNIVAL CORP/PLC (USA) reported lower earnings of $1.67 versus $2.42 in the prior year. For the next year, the market is expecting a contraction of 7.1% in earnings ($1.55 versus $1.67).
  • The gross profit margin for CARNIVAL CORP/PLC (USA) is currently lower than what is desirable, coming in at 28.05%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 1.17% significantly trails the industry average.

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