In today’s recent session, 4.46 million shares of the Carnival Corp (NYSE:CCL) have been traded, and its beta is 2.49. Most recently the company’s share price was $18.04, and it changed around $0.04 or 0.22% from the last close, which brings the market valuation of the company to $23.41B. CCL at last check was trading at a discount to its 52-week high of $28.72, offering almost -59.2% off that amount. The share price’s 52-week low was $13.78, which indicates that the recent value has risen by an impressive 23.61% since then. We note from Carnival Corp’s average daily trading volume that its 10-day average is 36.78 million shares, with the 3-month average coming to 25.92 million.
Carnival Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.52. If we narrow it down even further, the data shows that 2 out of 31 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 6 recommended CCL as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Carnival Corp is expected to report earnings per share of 0.23 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 0.22% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 18.60 on recent trading dayincreased the stock’s daily price by 3.01%. The company’s shares are currently down -27.61% year-to-date, but still down -8.01% over the last five days. On the other hand, Carnival Corp (NYSE:CCL) is -10.34% down in the 30-day period. We can see from the shorts that 59.24 million shares have been sold at a short interest cover period of 2.07 day(s).
The consensus price target as assigned by Wall Street analysts is $29, which translates to bulls needing to increase their stock price by 37.79% from its current value. Analyst projections state that CCL is forecast to be at a low of $22 and a high of $32.
Carnival Corp (CCL) estimates and forecasts
The year-over-year growth rate is expected to be 4.42%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 6.2B in revenue for the current quarter. 17 analysts expect Carnival Corp to make 7.97B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.78B and 7.9B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.29%. Forecasts for the next quarter put sales growth at 0.93%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -19.76%. Carnival Corp earnings are expected to increase by 30.99% in 2025, but the outlook is positive 20.50% per year for the next five years.
CCL Dividends
Carnival Corp’s next quarterly earnings report is expected to be released on 2025-Mar-20. 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 7.56% of Carnival Corp shares, and 65.10% of them are in the hands of institutional investors. The stock currently has a share float of 70.43%. Carnival Corp stock is held by 1274.0 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 30.76 shares worth $554.66 million, making up 2.64% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held roughly 28.12 shares worth around $506.98 million, which represents about 2.41% of the total shares outstanding.
