Carnival Stock Forecast, Price & News

Carnival's stock was trading at $21.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CCL shares have decreased by 30.2% and is now trading at $15.18.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carnival in the last year. There are currently 5 sell ratings, 12 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Carnival.

Carnival is scheduled to release its next quarterly earnings announcement on Thursday, October 1st 2020.
View our earnings forecast for Carnival.

Carnival Corp (NYSE:CCL) posted its earnings results on Friday, July, 10th. The company reported ($3.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.79) by $1.51. The company had revenue of $740 million for the quarter, compared to the consensus estimate of $401.40 million. Carnival had a negative net margin of 17.53% and a positive return on equity of 0.06%. Carnival's quarterly revenue was down 84.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share.
View Carnival's earnings history.

Carnival declared a quarterly dividend on Thursday, January 16th. Shareholders of record on Friday, February 21st will be given a dividend of $0.50 per share on Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.18%. The ex-dividend date of this dividend is Thursday, February 20th.
View Carnival's dividend history.

23 analysts have issued 1-year price targets for Carnival's stock. Their forecasts range from $10.00 to $50.00. On average, they anticipate Carnival's stock price to reach $20.25 in the next twelve months. This suggests a possible upside of 33.4% from the stock's current price.
View analysts' price targets for Carnival.

News stories about CCL stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Carnival earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Carnival.

Carnival saw a decrease in short interest in the month of August. As of August 14th, there was short interest totaling 84,510,000 shares, a decrease of 32.8% from the July 30th total of 125,710,000 shares. Based on an average trading volume of 44,160,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 18.5% of the company's shares are sold short.
View Carnival's Short Interest.

Some companies that are related to Carnival include Marriott International (MAR), Royal Caribbean Cruises (RCL), Hyatt Hotels (H), Choice Hotels International (CHH), Norwegian Cruise Line (NCLH), Marriott Vacations Worldwide (VAC), Marcus (MCS) and Red Lion Hotels (RLH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Carnival investors own include Delta Air Lines (DAL), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), Walt Disney (DIS), Tesla (TSLA), AT&T (T), Boeing (BA), American Airlines Group (AAL), NVIDIA (NVDA) and Bank of America (BAC).

Carnival trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCL."

Shares of CCL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CCL stock can currently be purchased for approximately $15.18.

Carnival has a market capitalization of $10.63 billion and generates $20.83 billion in revenue each year. The company earns $2.99 billion in net income (profit) each year or $4.40 on an earnings per share basis. Carnival employs 92,000 workers across the globe.

The official website for Carnival is www.carnival.com.

Carnival's mailing address is 3655 N W 87TH AVE PO BOX 1347, MIAMI FL, 33178. The company can be reached via phone at 305-599-2600.