During the recent session, Carnival Corp. (NYSE:CCL)’s traded shares were 3.51 million, with the beta value of the company hitting 2.69. At the last check today, the stock’s price was $16.67, reflecting an intraday gain of 0.76% or $0.13. The 52-week high for the CCL share is $19.74, that puts it down -18.42 from that peak though still a striking 34.97% gain since the share price plummeted to a 52-week low of $10.84. The company’s market capitalization is $21.12B, and the average intraday trading volume over the past 10 days was 23.6 million shares, and the average trade volume was 29.11 million shares over the past three months.
Carnival Corp. (CCL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.68. CCL has a Sell rating from 1 analyst(s) out of 25 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 20 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.15.
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Carnival Corp. (NYSE:CCL) trade information
Carnival Corp. (CCL) registered a 0.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.76% in intraday trading to $16.67, hitting a weekly high. The stock’s 5-day price performance is 0.33%, and it has moved by 5.74% in 30 days. Based on these gigs, the overall price performance for the year is 5.01%. The short interest in Carnival Corp. (NYSE:CCL) is 83.87 million shares and it means that shorts have 3.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $22, which implies an increase of 24.23% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.5 and $38 respectively. As a result, CCL is trading at a discount of -127.95% off the target high and 19.02% off the low.
Carnival Corp. (CCL) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 33.70% this quarter and then jump 185.70% in the quarter after that. In the rating firms’ projections, revenue will increase 15.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.81B as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 5.88B by the end of current fiscal year.
CCL Dividends
Carnival Corp. is due to release its next quarterly earnings on 2024-Sep-27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 4.21%.
Carnival Corp. (NYSE:CCL)’s Major holders
Carnival Corp. insiders own 7.86% of total outstanding shares while institutional holders control 63.62%, with the float percentage being 69.04%. VANGUARD GROUP INC is the largest shareholder of the company, while 1174.0 institutions own stock in it. As of 2024-06-30, the company held over 113.84 million shares (or 8.985% of all shares), a total value of $2.13 billion in shares.
The next largest institutional holding, with 68.77 million shares, is of BLACKROCK INC.’s that is approximately 5.4275% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.29 billion.
