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NYSE:CCL

Carnival Co. & (CCL) Stock Price, News & Analysis

$17.45
-0.11 (-0.63%)
(As of 07/3/2024 ET)
Today's Range
$17.32
$17.59
50-Day Range
$14.13
$18.72
52-Week Range
$10.84
$19.74
Volume
14.10 million shs
Average Volume
31.34 million shs
Market Capitalization
$19.59 billion
P/E Ratio
26.85
Dividend Yield
N/A
Price Target
$21.83

Carnival Co. & MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
25.1% Upside
$21.83 Price Target
Short Interest
Healthy
8.76% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-4.16
Upright™ Environmental Score
News Sentiment
0.71mentions of Carnival Co. & in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
25.21%
From $1.19 to $1.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Consumer Discretionary Sector

8th out of 262 stocks

Water Transportation Industry

1st out of 15 stocks

CCL stock logo

About Carnival Co. & Stock (NYSE:CCL)

Carnival Corporation & plc is a leisure travel company operating a fleet of cruise ships, hotels, and resorts with international destinations. Brands under the Carnival Corporation umbrella include Carnival Cruise Line, Princess Cruises, Holland America, P&O Cruises, Seaborn, Costa Cruises, AIDA Cruises, and Cunard. The company’s goal is to provide extraordinary vacations at an exceptional value. As of 2022, the company laid claim to nearly half of the global cruising market share with several new ships in the works.

Carnival Cruise Line was launched in 1972 with one second-hand ship and a tank of fuel. The first port of call was San Juan, Puerto Rico, but soon more were added. The original growth strategy included a festive atmosphere, features and amenities unlike any other cruise line at the time. Slow to start, the growth strategy shifted into overdrive in 1980 when Carnival shocked the world by building its own ship. The Tropicale became an iconic name in the cruising industry and sparked a wave of shipbuilding that is still underway.

The company’s growth hit a new stride in 1987 following the IPO which floated 20% of the company on the open market. The proceeds from the IPO allowed the company to embark on a voyage of acquisition and now Carnival is the world’s largest travel and leisure business.

Today, Carnival Corporations’ 87 ships visit approximately 700 ports worldwide and employ more than 120,000 people while serving more than 13 million guests annually for a total of 85 million passenger cruise days per year. Net revenue, prior to the COVID-19 pandemic, peaked out at over $6.5 billion annually.

Carnival Cruise Line is the company’s largest brand serving guests on all coasts of North America. The brand's 22 ships make 1500 voyages per year with trips ranging from 2 days to 3 weeks and ports of call from the Caribbean to Alaska. The company's largest ship is named Panorama and can accommodate more than 4,000 passengers.

Carnival’s 9 brands provide access to a wide range of cruising styles and destinations including the Caribbean, Alaska, Australia, New Zealand, Hawaii, England, and ports in Asia. The company is headquartered in Miami, Florida and has offices around the world. The company also has the distinction of being the only company included in both the S&P 500 and FTSE 250 indices.

 

CCL Stock Price History

CCL Stock News Headlines

Carnival Cruise Line cruise ship
Carnival Cruise Stock Nears Analyst Forecasts on Strong Earnings
Most investors left no dry powder, Wall Street lingo for buying power, in their accounts after chasing the technology sector in its pursuit of higher prices. Other sectors, such as the consumer discretionary space, aren't as attractive in their growth projections and sophisticated proposals to deliver value to investors, but that changes today.
Carnival Cruise Line cruise ship
Carnival Cruise Stock Nears Analyst Forecasts on Strong Earnings (CCL)
Carnival Cruise stock is rallying on quarterly earnings, which revealed the strong financial momentum the company is experiencing today, and likely will keep
DOLLAR RECALL ON THE AGENDA
Have you heard about Executive Order 14067? This lesser-known order introduced the Digital Dollar, an alarming plan aimed at controlling your spending. And it gets even more concerning: in November, the Federal Government and banks initiated a test program to implement the Digital Dollar.
The cruise ship Viking Jupiter at port
Can Viking Holdings Extend Gains from Affluent Cruisers? (CCL)
Destination-focused luxury cruise operator Viking Holdings Ltd. (NYSE: VIK) went public through a $1.8 billion initial public offering (IPO) on May 1, 2024.
The 3 Best Cruise Stocks to Buy in July 2024
Carnival Co. & (NYSE:CCL) Trading Down 3.8%
2 Stocks Down 74% and 57.5% to Buy Right Now
DOLLAR RECALL ON THE AGENDA
Have you heard about Executive Order 14067? This lesser-known order introduced the Digital Dollar, an alarming plan aimed at controlling your spending. And it gets even more concerning: in November, the Federal Government and banks initiated a test program to implement the Digital Dollar.
Hurricane Beryl Hits Cruise Stocks
Carnival Co. & (NYSE:CCL) PT Raised to $25.00
Carnival Co. & (NYSE:CCL) PT Raised to $22.00
Q2 2024 Carnival Corp Earnings Call Transcript
Carnival Corporation: Significantly Overvalued
See More Headlines
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Company Calendar

Last Earnings
6/25/2024
Today
7/05/2024
Next Earnings (Estimated)
10/04/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Hotels Resorts & Cruise Lines
CUSIP
14365830
Employees
92,000
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$21.83
High Stock Price Target
$25.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+25.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
19 Analysts

Profitability

Net Income
$-75,000,000.00
Pretax Margin
3.87%

Debt

Sales & Book Value

Annual Sales
$21.59 billion
Cash Flow
$2.25 per share
Book Value
$6.07 per share

Miscellaneous

Outstanding Shares
1,122,450,000
Free Float
998,985,000
Market Cap
$19.59 billion
Optionable
Optionable
Beta
2.68

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Key Executives

  • Mr. Micky Meir Arison (Age 75)
    Executive Chairman of the Board
    Comp: $106.57k
  • Mr. Joshua Ian Weinstein (Age 50)
    President, CEO, Chief Climate Officer & Director
    Comp: $6.35M
  • Mr. David BernsteinMr. David Bernstein (Age 66)
    CFO & Chief Accounting Officer
    Comp: $3.43M
  • Mr. Enrique Miguez (Age 59)
    General Counsel
    Comp: $1.63M
  • Ms. Bettina Deynes (Age 51)
    Global Chief Human Resources Officer
    Comp: $1.06M
  • Vice Admiral William R. Burke
    Chief Maritime Officer
  • Ms. Beth Roberts
    Senior Vice President of Investor Relations
  • Hon. E. H. Horst Rahe
    Life President of AIDA Cruises
  • Mr. Tom Strang
    Senior Vice President of Maritime Affairs
  • Ms. Janet G. Swartz (Age 54)
    Executive Vice President of Strategic Operations

CCL Stock Analysis - Frequently Asked Questions

Should I buy or sell Carnival Co. & stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carnival Co. & in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CCL shares.
View CCL analyst ratings
or view top-rated stocks.

What is Carnival Co. &'s stock price target for 2024?

19 brokers have issued 1-year price targets for Carnival Co. &'s stock. Their CCL share price targets range from $11.00 to $25.00. On average, they expect the company's stock price to reach $21.83 in the next year. This suggests a possible upside of 25.1% from the stock's current price.
View analysts price targets for CCL
or view top-rated stocks among Wall Street analysts.

How have CCL shares performed in 2024?

Carnival Co. &'s stock was trading at $18.54 at the start of the year. Since then, CCL stock has decreased by 5.9% and is now trading at $17.45.
View the best growth stocks for 2024 here
.

Are investors shorting Carnival Co. &?

Carnival Co. & saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 98,320,000 shares, a drop of 10.1% from the May 31st total of 109,410,000 shares. Based on an average trading volume of 32,410,000 shares, the days-to-cover ratio is currently 3.0 days.
View Carnival Co. &'s Short Interest
.

When is Carnival Co. &'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 4th 2024.
View our CCL earnings forecast
.

How were Carnival Co. &'s earnings last quarter?

Carnival Co. & plc (NYSE:CCL) issued its quarterly earnings data on Tuesday, June, 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm earned $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a trailing twelve-month return on equity of 15.22% and a net margin of 3.86%. The business's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.31) earnings per share.
Read the conference call transcript
.

What guidance has Carnival Co. & issued on next quarter's earnings?

Carnival Co. & issued an update on its third quarter 2024 earnings guidance on Tuesday, June, 25th. The company provided EPS guidance of 1.150-1.150 for the period, compared to the consensus EPS estimate of 1.100. The company issued revenue guidance of -.

What is Arnold W. Donald's approval rating as Carnival Co. &'s CEO?

23 employees have rated Carnival Co. & Chief Executive Officer Arnold W. Donald on Glassdoor.com. Arnold W. Donald has an approval rating of 93% among the company's employees. This puts Arnold W. Donald in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Carnival Co. & own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carnival Co. & investors own include Delta Air Lines (DAL), Royal Caribbean Cruises (RCL), Walt Disney (DIS), AT&T (T), Tesla (TSLA), NVIDIA (NVDA), Boeing (BA), Bank of America (BAC) and American Airlines Group (AAL).

Who are Carnival Co. &'s major shareholders?

Carnival Co. &'s stock is owned by a number of retail and institutional investors. Top institutional investors include GAMMA Investing LLC (0.00%) and Davis Capital Management (0.00%). Insiders that own company stock include Arnold W Donald, David Bernstein and Randall J Weisenburger.
View institutional ownership trends
.

How do I buy shares of Carnival Co. &?

Shares of CCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Carnival Co. & have any subsidiaries?
The following companies are subsidiares of Carnival Co. &: 1972 Productions Inc., 6348 Equipment LLC, A.C.N. 098 290 834 Pty. Ltd., A.J. Juneau Dock LLC, AIDA Kundencenter GmbH, AIDAradio GmbH, Adventure Island Ltd., Air-Sea Holiday GmbH, Alaska Hotel Properties LLC, Barcelona Cruise Terminal SLU, Bay Island Cruise Port S.A., Belize Cruise Terminal Limited, CC U.S. Ventures Inc., CCL Gifts LLC, CSMART Real Estate B.V., CSMART Real Estate C.V., CSSC Carnival (Shanghai) Cruise Shipping Limited, CSSC Carnival Italy Cruise Investment S.r.L, Carnival (UK) Limited, Carnival Bahamas FC Limited, Carnival Bahamas Holdings Limited, Carnival Corporation & plc Asia Pte. Ltd., Carnival Corporation Hong Kong Limited, Carnival Corporation Korea Ltd., Carnival Corporation Ports Group Japan KK, Carnival Finance LLC, Carnival Grand Bahama Investment Limited, Carnival Investments Limited, Carnival Japan Inc., Carnival License Holdings Limited, Carnival Maritime GmbH, Carnival North America LLC, Carnival Port Holdings Limited, Carnival Ports Inc., Carnival Support Services India Private Limited, Carnival Technical Services (UK) Limited, Carnival Technical Services Finland Limited, Carnival Technical Services GmbH, Carnival Vanuatu Limited, Costa Crociere PTE Ltd., Costa Crociere S.p.A., Costa Cruceros S.A., Costa Cruise Lines Inc., Costa Cruise Lines UK Limited, Costa Cruises Customer Center S.L.U., Costa Cruises Shipping Services (Shanghai) Company Limited, Costa Cruises Travel Agency (Shanghai) Co. Ltd., Costa Cruises Turkey Turizm Gelisim A.S., Costa Cruzeiros Agencia Maritima e Turismo Ltda., Costa International B.V., Costa Kreuzfahrten GmbH, Cozumel Cruise Terminal S.A. de C.V., Cruise Ships Catering & Services International N.V., Cruise Terminal Services S.A. de C.V., Cruiseport Curacao C.V., D.R. Cruise Port Ltd., F.P.M. SAS, F.P.P. SAS, Fleet Maritime Services (Bermuda) Limited, Fleet Maritime Services Holdings (Bermuda) Limited, Fleet Maritime Services International Limited, GXI LLC, Gibs Inc., Global Experience Innovators Inc., Global Fine Arts Inc., Global Shipping Service (Shanghai) Co. Ltd., Grand Cruise Shipping Unipessoal LdA, Grand Turk Cruise Center Ltd., HAL Antillen N.V., HAL Beheer B.V., HAL Maritime Ltd., HAL Nederland N.V., HAL Properties Limited, HAL Services B.V., HSE Hamburg School of Entertainment GmbH, Holding Division Iberocruceros SLU, Holland America Line Inc., Holland America Line N.V., Holland America Line Paymaster of Washington LLC, Holland America Line U.S.A. Inc., Ibero Cruzeiros Ltda., Iberocruceros SLU, Information Assistance Corporation, International Cruise Services S.A. de C.V., International Leisure Travel Inc., International Maritime Recruitment Agency S.A. de C.V., Milestone N.V., Navitrans S.R.L., Ocean Bahamas Innovation Ltd., Ocean Medallion Fulfillment Ltd., Odds On Gaming Corporation, Operadora Catalina S.r.L., P&O Princess American Holdings, P&O Princess Cruises International Limited, P&O Princess Cruises Pension Trustee Limited, P&O Properties (California) Inc., P&O Travel Limited, Piccapietra Finance S.r.l., Prestige Cruises Management S.A.M., Prestige Cruises N.V., Princess Bermuda Holdings Ltd., Princess Cays Ltd., Princess Cruise Corporation Inc., Princess Cruise Lines Ltd., Princess Cruises and Tours Inc., Princess U.S. Holdings Inc., RCT Maintenance & Related Services S.A., RCT Pilots & Related Services S.A., RCT Security & Related Services S.A., Roatan Cruise Terminal S.A. de C.V., Royal Hyway Tours Inc., Santa Cruz Terminal S.L., SeaVacations Limited, SeaVacations UK Limited, Seabourn Cruise Line Limited, Shanghai Coast Cruise Consulting Co. Lda, Ship Care (Bahamas) Limited, Sitmar Cruises Inc., Spanish Cruise Services N.V., Sunshine Shipping Corporation Ltd., T&T International Inc., Tour Alaska LLC, Transnational Services Corporation, Trident Insurance Company Ltd., Welcome Travel Group S.p.A., West Sicily Gate S.r.L., Westmark Hotels Inc., Westmark Hotels of Canada Ltd., Westours Motor Coaches LLC, and World Leading Cruise Management (Shanghai) Co. Ltd..
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This page (NYSE:CCL) was last updated on 7/5/2024 by MarketBeat.com Staff

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