Stock of the Day for February 22, 2024

Carnival Co. & Stock Report

Carnival Co. &
CCL 90-day performance NYSE:CCL Carnival Co. &
Current Price
$23.18
-1.38 (-5.60%)
(As of 02/21/2025 03:59 PM ET)
30 Day Performance
-8.84%
  
  
90 Day Performance
-7.96%
  
  
1 Year Performance
52.23%
  
 
Market Capitalization
$26.99B
P/E Ratio
16.68
Price Target
$27.11

About Carnival Co. &

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.

Carnival Cruise Line was launched in 1972 with one second-hand ship and a tank of fuel. The first port of call was San Juan, Puerto Rico, but soon more were added. The original growth strategy included a festive atmosphere, features and amenities unlike any other cruise line at the time. Slow to start, the growth strategy shifted into overdrive in 1980 when Carnival shocked the world by building its own ship. The Tropicale became an iconic name in the cruising industry and sparked a wave of shipbuilding that is still underway.

The company’s growth hit a new stride in 1987 following the IPO which floated 20% of the company on the open market. The proceeds from the IPO allowed the company to embark on a voyage of acquisition and now Carnival is the world’s largest travel and leisure business.

Today, Carnival Corporations’ 87 ships visit approximately 700 ports worldwide and employ more than 120,000 people while serving more than 13 million guests annually for a total of 85 million passenger cruise days per year. Net revenue, prior to the COVID-19 pandemic, peaked out at over $6.5 billion annually.

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. The company's largest ship is named Panorama and can accommodate more than 4,000 passengers.

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.

 

CCL Company Calendar

DEC. 20, 2024
Last Earnings
FEB. 23, 2025
Today
MAR. 26, 2025
Next Earnings (Estimated)
NOV. 30, 2025
Fiscal Year End

Recent Carnival Co. & News

1 Growth Stock Down 65% to Buy Right Now
Sanctuary Advisors LLC Purchases 39,205 Shares of Carnival Co. & plc (NYSE:CCL)
Carnival Corporation CCL Stock Forecast & Price Target
Carnival Co. & plc (NYSE:CCL) Shares Bought by ING Groep NV
Carnival Co. & plc (NYSE:CCL) Shares Purchased by Handelsbanken Fonder AB
Top Hotel Stocks To Research - February 20th
Carnival Co. & (NYSE:CCL) Trading Down 8.6% - Here's Why
Ieq Capital LLC Boosts Holdings in Carnival Co. & plc (NYSE:CCL)
This report was written by MarketBeat.com on February 23, 2025. This report first appeared on MarketBeat.com.