CCL Stock Price Today Carnival Corp Stock NYSE: CCL

Table Of Content

• Nvidia and AMD stand out on this new list of Wall Street's 20 favorite stocks
• Carnival beats loss expectations, but sees Baltimore bridge collapse resulting in a $10 million hit to 2024 income
• Carnival CEO: Operations will proceed without a beat after Francis Scott Key bridge collapse
• Cunard Officially Welcomes New Ship Queen Anne with Ceremony at Fincantieri Shipyard
• Carnival Freedom cruise ship catches fire for second time in less than 2 years

The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Carnival Corporation & plc is a leisure travel company operating a fleet of cruise ships, hotels, and resorts with international destinations. Brands under the Carnival Corporation umbrella include Carnival Cruise Line, Princess Cruises, Holland America, P&O Cruises, Seaborn, Costa Cruises, AIDA Cruises, and Cunard. The company’s goal is to provide extraordinary vacations at an exceptional value. As of 2022, the company laid claim to nearly half of the global cruising market share with several new ships in the works. Shares of cruise ship company Carnival Corp. (CCL 1.13%) sank by 10.6% in January, according to data provided by S&P Global Market Intelligence.

Carnival Stock Is Up Over 80% This Year. Expect More Gains, Analyst Says. - Barron's

Carnival Stock Is Up Over 80% This Year. Expect More Gains, Analyst Says..

Posted: Mon, 27 Nov 2023 08:00:00 GMT [source]

Nvidia and AMD stand out on this new list of Wall Street's 20 favorite stocks

The market was potentially downbeat about a couple of factors. First, Carnival owns the Princess Cruises brand and its new largest ship, the Sun Princess, was scheduled to set sail in February. However, the ship won't be ready in time, forcing Carnival to reschedule and offer refunds and travel credits to those who had already bought tickets. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It's easy to say this with the benefit of hindsight, but I don't necessarily think it's shocking to see Carnival putting up such strong numbers right now. Unless you were convinced that demand for cruise travel would permanently fall off a cliff, I bet you expected that this business would experience a reversion to the mean.

Carnival beats loss expectations, but sees Baltimore bridge collapse resulting in a $10 million hit to 2024 income

Carnival's business is giving its shareholders plenty of reasons to be optimistic. In fiscal 2023, which ended Nov. 30, the company reported revenue of $21.6 billion, a record figure that was up 77% year over year. This number exceeded the previous record, which came in fiscal 2019. The Carnival Jubilee cruise ship has rescued two men stranded in a kayak in the Gulf of Mexico after the boat they were traveling in reportedly sank. Carnival Co. &'s stock is owned by a number of institutional and retail investors.

Carnival CEO: Operations will proceed without a beat after Francis Scott Key bridge collapse

Carnival Freedom continued on its current cruise itinerary after experiencing its second fire in less than two years, caught on passenger video Saturday. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 23 employees have rated Carnival Co. & Chief Executive Officer Arnold W. Donald on Glassdoor.com. Arnold W. Donald has an approval rating of 93% among the company's employees. This puts Arnold W. Donald in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

For what it's worth, Wall Street believes the good times won't last very long. Analysts see annual revenue gains shrinking going forward, with fiscal 2026 sales rising by just 1.9% compared to the prior year. But this is a business that is recovering nicely from the worst days of the pandemic. At one point, Carnival was forced to halt its operations temporarily to prevent the spread of COVID-19. Revenue took a huge hit, dropping 91% between fiscal 2019 and fiscal 2021. The momentum carried over into the first quarter of 2024.

Cunard Officially Welcomes New Ship Queen Anne with Ceremony at Fincantieri Shipyard

The company is scheduled to release its next quarterly earnings announcement on Monday, June 24th 2024. The media accessing negative experience commentary regarding cruise incidents could weigh on Carnival's brand image and pricing leverage, making new cruisers hesitant to try cruising. A decrease in new cruisers leads to fewer repeat cruisers.

Is It Too Late to Buy Carnival Stock? - Yahoo Finance

Is It Too Late to Buy Carnival Stock?.

Posted: Wed, 20 Mar 2024 07:00:00 GMT [source]

Missing Carnival cruise ship passenger seen jumping overboard, company says; family mystified

Proceeds from the offering of senior unsecured notes and cash on hand to be used to redeem €500 million 7.625% senior unsecured notes due 2026; cash on hand to repay $800 million of the term loan faci... Net revenue, prior to the COVID-19 pandemic, peaked out at over $6.5 billion annually. CCL slipped 0.5% in premarket trading Wednesday, after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also said it expected the collapse ... Carnival Corp. (CCL) shares turned higher in intraday trading Wednesday after the cruise line posted a smaller adjusted first-quarter loss than analysts expected. To be clear, I still believe Carnival is an extremely risky business to own. As of Feb. 29, the company had a massive debt load of $31 billion.

Carnival Freedom cruise ship catches fire for second time in less than 2 years

Carnival remains the largest company in the cruise industry, with nine global brands and 92 ships at the end of fiscal 2023. The global cruise market has historically been underpenetrated, offering cruise companies a long-term demand opportunity. With an European demand profile that has recently returned to normalized levels, we believe there is ample support for improving economic performance at Carnival. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

Royal Caribbean is leading the $61 billion cruise industry's comeback. This comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever r... According to 20 analysts, the average rating for CCL stock is "Strong Buy." The 12-month stock price forecast is $21.0, which is an increase of 47.06% from the latest price.

This would result in a reduction in interest expense on this outstanding debt of nearly 2%. Additionally, geopolitical turmoil in the Red Sea is forcing Carnival and other cruise lines to reroute cruises that were scheduled to pass through there. For Carnival, this meant rerouting 12 ships, which is more than some of its rivals. Unfortunately, there's a real cost to doing this -- management expects this will reduce its adjusted earnings per share (EPS) by $0.07 to $0.08 for the quarter.

Insiders that own company stock include Arnold W Donald, David Bernstein and Randall J Weisenburger. Carnival Co. &'s stock was trading at $18.54 on January 1st, 2024. Since then, CCL shares have decreased by 23.0% and is now trading at $14.27.

Now that the company has bounced back and looks to be on solid footing, I'm sure it's starting to catch the attention of investors. Warren Buffett, who many consider the greatest investor ever, once said that he believes the mark of a wonderful business is one that can raise prices with minimal pushback from customers. Does this setup on the dip make Carnival a once-in-a-generation investment opportunity? Weather, large search area impacted the United States Coast Guard efforts to locate missing Carnival Glory cruise passenger Tyler Barnett from Louisiana.

Carnival’s 9 brands provide access to a wide range of cruising styles and destinations including the Caribbean, Alaska, Australia, New Zealand, Hawaii, England, and ports in Asia. The company is headquartered in Miami, Florida and has offices around the world. The company also has the distinction of being the only company included in both the S&P 500 and FTSE 250 indices. Carnival Cruise Line is the company’s largest brand serving guests on all coasts of North America. The brand's 22 ships make 1500 voyages per year with trips ranging from 2 days to 3 weeks and ports of call from the Caribbean to Alaska.

There are currently 1 sell rating, 2 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CCL shares. I don't believe investors should expect Carnival stock to more than double in 2024 like it did in 2023. Rather, I believe that investors should focus on the business. Two of the best things happening right now are the company's full ships and the speed of its debt repayment. If both of these things can continue throughout the next year and beyond, I'd feel good if I were a shareholder planning to hold for the long term.

Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings to the tune of up to $10 million.

During that 12-week stretch, the company hit a first-quarter record for sales. Key to this strong momentum is, without a surprise, robust demand from consumers. This cruise stock currently sits 80% below its peak price. That's even after shares soared 76% since the start of 2023 (as of April 18). A 28-year-old man reported missing aboard the Carnival Glory cruise ship on Monday prompted the U.S. Carnival CEO Josh Weinstein joins 'Money Movers' to discuss how the bridge collapse will affect Carnival's operations, security concerns in the Red Sea, and any sign of slowing demand.