During the recent session, Carnival Corp (NYSE:CCL)’s traded shares were 6.4 million, with the beta value of the company hitting 2.64. At the last check today, the stock’s price was $24.39, reflecting an intraday loss of -2.50% or -$0.62. The 52-week high for the CCL share is $27.17, that puts it down -11.4 from that peak though still a striking 43.5% gain since the share price plummeted to a 52-week low of $13.78. The company’s market capitalization is $30.58B, and the average intraday trading volume over the past 10 days was 22.93 million shares, and the average trade volume was 23.44 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 1.69. 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 0.02.
Carnival Corp (NYSE:CCL) trade information
Carnival Corp (CCL) registered a -2.50% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.50% in intraday trading to $24.39, hitting a weekly high. The stock’s 5-day price performance is -4.96%, and it has moved by -6.60% in 30 days. Based on these gigs, the overall price performance for the year is 49.15%. The short interest in Carnival Corp (NYSE:CCL) is 66.94 million shares and it means that shorts have 3.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $24, which implies a decrease of -1.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $16.5 and $29 respectively. As a result, CCL is trading at a discount of -18.9% off the target high and 32.35% off the low.
Carnival Corp (CCL) estimates and forecasts
Statistics show that Carnival Corp has outperformed its competitors in share price, compared to the industry in which it operates. Carnival Corp (CCL) shares have gone up 41.70% during the last six months, with a year-to-date growth rate more than the industry average at 22.54% against 6.50. In the rating firms’ projections, revenue will increase 4.02% 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 5.75B as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 6.18B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.41B and 5.78B respectively. In this case, analysts expect current quarter sales to grow by 6.33% and then jump by 6.82% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.73%. While earnings are projected to return 24.05% in 2025.
CCL Dividends
Carnival Corp is due to release its next quarterly earnings in February. 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 7.64% of total outstanding shares while institutional holders control 62.19%, with the float percentage being 67.34%. VANGUARD GROUP INC is the largest shareholder of the company, while 1166.0 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.
