In the latest session, Carnival Corp. (NYSE: CCL) closed at $16.20 down -2.70% from its previous closing price of $16.65. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 23904508 shares were traded.
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Ratios:
For a deeper understanding of Carnival Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.54. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 0.43. In the meantime, Its Debt-to-Equity ratio is 4.63 whereas as Long-Term Debt/Eq ratio is at 4.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on March 13, 2024, initiated with a Buy rating and assigned the stock a target price of $20.
On January 05, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight but kept the price unchanged to $22.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 15 ’24 when Bernstein David sold 153,995 shares for $15.37 per share. The transaction valued at 2,367,088 led to the insider holds 181,981 shares of the business.
Bernstein David sold 34,020 shares of CCL for $579,891 on Jan 19 ’24. The CFO & CAO now owns 335,976 shares after completing the transaction at $17.05 per share. On Oct 19 ’23, another insider, WEISENBURGER RANDALL J, who serves as the Director of the company, bought 100,000 shares for $11.50 each. As a result, the insider paid 1,150,000 and bolstered with 378,368 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCL now has a Market Capitalization of 21.16B and an Enterprise Value of 50.64B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 2.98. Its current Enterprise Value per Revenue stands at 2.35 whereas that against EBITDA is 11.58.
Stock Price History:
Over the past 52 weeks, CCL has reached a high of $19.74, while it has fallen to a 52-week low of $8.37. The 50-Day Moving Average of the stock is 16.16, while the 200-Day Moving Average is calculated to be 15.60.
Shares Statistics:
For the past three months, CCL has traded an average of 31.35M shares per day and 27.06M over the past ten days. A total of 1.12B shares are outstanding, with a floating share count of 978.71M. Insiders hold about 22.59% of the company’s shares, while institutions hold 49.20% stake in the company. Shares short for CCL as of Feb 29, 2024 were 94.55M with a Short Ratio of 3.02, compared to 88.96M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.24% and a Short% of Float of 10.70%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.21.
Earnings Estimates
There are 16 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.22, while EPS last year was -$0.55. The consensus estimate for the next quarter is $0.01, with high estimates of $0.08 and low estimates of -$0.1.
Analysts are recommending an EPS of between $1.2 and $0.9 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.36, with 19 analysts recommending between $1.67 and $1.18.
Revenue Estimates
A total of 20 analysts have provided revenue estimates for CCL’s current fiscal year. The highest revenue estimate was $25.05B, while the lowest revenue estimate was $23.73B, resulting in an average revenue estimate of $24.68B. In the same quarter a year ago, actual revenue was $21.59B, up 14.30% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $25.72B in the next fiscal year. The high estimate is $26.54B and the low estimate is $23.72B. The average revenue growth estimate for next year is up 4.20% from the average revenue estimate for this year.
