Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Carnival Corp. shares edge up as growth outlook rises

Published Nov 14, 2023 08:24AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

NEW YORK - Carnival Corp. (NYSE:CCL), a leading leisure travel company, saw a slight increase in its stock price on Tuesday, closing at $12.78 per share after trading 19.32 million shares. Despite a modest gain of 0.16%, the company's valuation stood at $16.18 billion, with market performance showing resilience; the stock is currently 41.08% above its 52-week low, though still 52.97% below its high.

On Monday, Carnival's shares had risen by 1.46%, contributing to a notable year-to-date increase of 58.56%. Over the past five days and month, the stock has seen a 4.24% change. This performance comes amid a broader context where the AI industry is expected to expand significantly, from $137 billion in 2022 to more than $1.81 trillion by 2030.

Carnival Corp.'s shares have notably outpaced the wider industry this year, with an impressive growth rate of 98.50%. The company has raised its growth expectations for fiscal year 2023 revenue, forecasting increases of 83.50% for the current quarter and 81.80% for the next quarter.

Investors are now eyeing Carnival's next earnings report, anticipated between December 19 and December 26, which could signal improved dividends despite ongoing concerns about the company's debt.

The company's shareholder base comprises 974 institutions with Vanguard Group Inc and Blackrock (NYSE:BLK) Inc being the largest institutional holders. They hold over 113.24 million and over 62.84 million shares valued at more than $1.45 billion and over $803.16 million respectively.

Significantly, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top mutual funds invested in Carnival, with holdings valued at $399.98 million and $305.62 million respectively.

Analysts have average revenue estimates for Carnival at $5.3 billion for the current quarter, with higher expectations of $5.49 billion for the following quarter ending in February 2024.

The company also has a considerable short interest, with 119.51 million shares shorted and a days-to-cover ratio of 3.83, reflecting investor caution amidst Carnival's growth prospects and challenges ahead.

InvestingPro Insights

As per InvestingPro, Carnival Corp. operates with a significant debt burden, which aligns with ongoing investor concerns about the company's debt. Yet, the company is also a prominent player in the Hotels, Restaurants & Leisure industry, which is expected to see significant growth in the coming years.

InvestingPro's real-time data provides additional context to Carnival's financial landscape. The company's market cap stands at $14.58 billion, with a negative P/E ratio of -8.91, reflecting the company's current lack of profitability. On a brighter note, the company's revenue growth over the last twelve months as of Q3 2023 was a robust 108.34%, indicating a strong recovery in sales.

InvestingPro Tips also indicate a volatile stock price for Carnival Corp. Over the last six months, the stock has seen a large price uptick, but the last three months have seen a significant fall. This aligns with the data showing a six-month price total return of 30.01%, but a three-month return of -24.06%.

In conclusion, Carnival's financial health and stock performance present a mixed picture, with strong industry presence and significant sales growth tempered by high debt and price volatility. For more in-depth analysis and additional tips, consider exploring InvestingPro's comprehensive resources.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Carnival Corp. shares edge up as growth outlook rises

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email