Carnival Corporation (CCL) is a leisure travel company headquartered in Miami, Florida. It operates an international cruise line with 2- to 31-day voyages across destinations that include Mexico, Alaska, The Bahamas, Europe and Hawaii.
Founded in 1972 by Ted Arison, Carnival is one of the world's largest cruise operators. Its fleet consists of over 100 ships, with the company planning to take delivery of 22 new vessels between 2018 and 2025. Carnival Corporation went public in 1987 and is listed on the New York Stock Exchange.
April 22, 2024: Carnival's stock price is down by just over 70% in the last 5 years since reaching an all-time high in 2018. The cruise company has recovered this past year but still sits a long way from shore, and some investors think this presents an opportunity, whereas others believe it's a sinking ship.
April 7, 2024: Carnival stock has recovered slightly after a tough month for the cruise stock, which lags behind the rest of the market.
March 27, 2024: Following a positive Q1 earnings call that surpassed revenue estimates, multiple analysts maintained a positive outlook on Carnival, according to Benzinga.
The company raised its full-year adjusted earnings guidance to about 98 cents a share, up from prior guidance of about 93 cents a share. However, the forecast doesn't include an estimated up to $10 million hit to adjusted earnings due to the collapse of a bridge in Baltimore this week that forced Carnival to move one of its homeports.
For the current quarter, Carnival is targeting an adjusted loss of 3 cents a share, in line with analysts' forecasts.
Chief Executive Josh Weinstein said demand has remained strong and that bookings for 2025 are already accelerating, according to MarketWatch.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Carnival Corporation's shares have ranged in value from as little as $8.7 up to $19.74. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Carnival Corporation's is 2.551. This would suggest that Carnival Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $15.01
| 1 week (2024-04-16) | 6.30% |
|---|---|
| 1 month (2024-03-21) | -12.12% |
| 3 months (2024-01-23) | -6.65% |
| 6 months (2023-10-23) | 31.09% |
| 1 year (2023-04-23) | 61.75% |
| 2 years (2022-04-21) | -20.33% |
| 3 years (2021-04-22) | -44.96% |
| 5 years (2019-04-23) | -72.06% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Carnival Corporation P/E ratio, PEG ratio and EBITDA
Carnival Corporation's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 43x. In other words, Carnival Corporation stocks trade at around 43x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Carnival Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.41. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Carnival Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Carnival Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $4.8 billion.
The EBITDA is a measure of a Carnival Corporation's overall financial performance and is widely used to measure a its profitability.
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