Key Details
Price
$24.41Last Dividend
$0.50PE Ratio
17.56Annual ROE
23.75%Beta
1.42Events Calendar
Next earnings date:
Mar 27, 2025Recent quarterly earnings:
Dec 20, 2024Recent annual earnings:
Dec 20, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Feb 20, 2020Next split:
N/ARecent split:
June 15, 1998Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
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Carnival's stock has significantly recovered after nearly failing, and it has improved each year since then. In 2023, the company reached record revenue, and in the fiscal year 2024 (which ended on November 30), revenue increased even more, leading Carnival back to profitability.
Long-term investors in Carnival Corp (CCL -0.50%) may have felt disappointed with the company's performance in recent years. The stock hit its highest closing price in January 2018, reaching $71.94 per share.
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The cruise industry is benefiting from strong booking patterns, better marketing efforts, and improvements in operations. CCL, RCL, and NCLH continue to be leading players in this market.
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Analysts updated or kept the price target for Carnival Corporation CCL after the company announced stronger-than-anticipated results for the fourth quarter of 2024 last week.
Inflation decreased in November, creating a great chance to invest in discretionary stocks such as DIS, CCL, DLB, and GME.
In 2024, cruise stocks performed well due to high demand in important markets. Carnival's stock has increased for four months in a row and is currently at its highest point since June 2021.
The rise in occupancy rates, increased prices, and more spending by passengers are improving the earnings forecast. There are signs that fuel efficiency is getting better. Additionally, investing in new ships over the next decade could enhance profit margins through better energy use, and current valuations are appealing at an 11.5% discount compared to competitors.
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