In the last trading session, 16.23 million shares of the Carnival Corp. (NYSE:CCL) were traded, and its beta was 2.70. Most recently the company’s share price was $20.91, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $26.50B. CCL currently trades at a discount to its 52-week high of $21.80, offering almost -4.26% off that amount. The share price’s 52-week low was $10.95, which indicates that the current value has risen by an impressive 47.63% since then. We note from Carnival Corp.’s average daily trading volume that its 10-day average is 22.03 million shares, with the 3-month average coming to 28.32 million.
Carnival Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 1.75. 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 0.06 for the current quarter.
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Carnival Corp. (NYSE:CCL) trade information
The performance over the last five days has remained in the red territory. The rise to weekly highs of 21.56 on recent trading dayincreased the stock’s daily price by 3.01%. The company’s shares are currently up 12.78% year-to-date, but still down -1.92% over the last five days. On the other hand, Carnival Corp. (NYSE:CCL) is 11.94% up in the 30-day period. We can see from the shorts that 66.96 million shares have been sold at a short interest cover period of 1.86 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 4.95% 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 185.70% 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 15.80%, up from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 5.92B in revenue for the current quarter. 10 analysts expect Carnival Corp. to make 5.69B 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 in November. 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 62.15% of them are in the hands of institutional investors. The stock currently has a share float of 67.30%. Carnival Corp. stock is held by 1167.0 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.
