In recent trading session today, 6.48 million shares of the Carnival Corp. (NYSE:CCL) have been traded, and its beta is 2.70. Most recently the company’s share price was $18.73, and it changed around $0.72 or 4.00% from the last close, which brings the market valuation of the company to $23.74B. CCL at last check was trading at a discount to its 52-week high of $19.74, offering almost -5.39% off that amount. The share price’s 52-week low was $10.84, which indicates that the recent value has risen by an impressive 42.12% since then. We note from Carnival Corp.’s average daily trading volume that its 10-day average is 36.93 million shares, with the 3-month average coming to 27.67 million.

Carnival Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 1.67. If we narrow it down even further, the data shows that 1 out of 25 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 9 recommended CCL as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Carnival Corp. is expected to report earnings per share of 0.07 for the current quarter.

Carnival Corp. (NYSE:CCL) trade information

Instantly CCL has been showing a green trend so far today with a performance of 4.00% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.50 on recent trading daydecreased the stock’s daily price by -1.24%. The company’s shares are currently up 1.02% year-to-date, but still up 3.94% over the last five days. On the other hand, Carnival Corp. (NYSE:CCL) is 16.84% up in the 30-day period. We can see from the shorts that 84.7 million shares have been sold at a short interest cover period of 3.64 day(s).

The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 14.86% from its current value. Analyst projections state that CCL is forecast to be at a low of $16.5 and a high of $38.

Carnival Corp. (CCL) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 200.00% in revenue this quarter, and will report an increase of 92.90% in the next quarter. The year-over-year growth rate is expected to be 15.70%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 5.92B in revenue for the current quarter. 8 analysts expect Carnival Corp. to make 5.68B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 9.70%.

CCL Dividends

Carnival Corp.’s next quarterly earnings report is expected to be released on 2024-Dec-19. The average dividend yield for the past five years averaged 4.21 per year.

Carnival Corp. (NYSE:CCL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 7.64% of Carnival Corp. shares, and 62.06% of them are in the hands of institutional investors. The stock currently has a share float of 67.20%. Carnival Corp. stock is held by 1169.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.985% of the shares, which is about 113.84 million shares worth $2.13 billion.

BLACKROCK INC., with 5.4275% or 68.77 million shares worth $1.29 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 32.04 shares worth $600.4 million, making up 2.78% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 25.92 shares worth around $485.82 million, which represents about 2.25% of the total shares outstanding.