In the latest trading session,, 10.86 million Carnival Corp (NYSE:CCL) shares changed hands as the company’s beta touched 2.50. With the company’s most recent per share price at $17.94 changed hands at -$0.77 or -4.12% at last look, the market valuation stands at $23.28B. CCL’s current price is a discount, trading about -60.09% off its 52-week high of $28.72. The share price had its 52-week low at $13.78, which suggests the last value was 23.19% up since then. When we look at Carnival Corp’s average trading volume, we note the 10-day average is 20.09 million shares, with the 3-month average coming to 25.40 million.
Analysts gave the Carnival Corp (CCL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.55. If we narrow down to specifics, the data shows that 1 out of 25 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CCL as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Carnival Corp’s EPS for the current quarter is expected to be 0.23.
Carnival Corp (NYSE:CCL) trade information
Instantly CCL was in red as seen in intraday trades today. With action -2.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.01%, with the 5-day performance at -2.92% in the red. However, in the 30-day time frame, Carnival Corp (NYSE:CCL) is -8.14% down. Looking at the short shares, we see there were 60.01 million shares sold at short interest cover period of 1.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29, meaning bulls need an upside of 38.14% from its recent market value. According to analyst projections, CCL’s forecast low is 22 with 32 as the target high. To hit the forecast high, the stock’s price needs a -78.37% plunge from its current level, while the stock would need to soar -22.63% for it to hit the projected low.
Carnival Corp (CCL) estimates and forecasts
Year-over-year growth is forecast to reach 4.25% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 6.2B. 18 analysts are of the opinion that Carnival Corp’s revenue for the current quarter will be 7.96B. The company’s revenue for the corresponding quarters a year ago was 5.78B and 7.9B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.24%. The estimates for the next quarter sales put growth at 0.77%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.76%. The 2025 estimates are for Carnival Corp earnings to increase by 31.18%, but the outlook for the next 5-year period is at 20.38% per year.
CCL Dividends
Carnival Corp is expected to release its next quarterly earnings report on 2025-Mar-20. During the past 5 years, the average dividend yield was 4.21 per year.
Carnival Corp (NYSE:CCL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.60% of Carnival Corp shares while 65.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.38%. There are 65.03% institutions holding the Carnival Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.985% of the shares, roughly 113.84 million CCL shares worth $2.13 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4275% or 68.77 million shares worth $1.29 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 30.76 shares estimated at $551.59 million under it, the former controlled 2.64% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.41% of the shares, roughly 28.12 shares worth around $504.17 million.
