Carnival Corporation (CCL)
NYSE:CCL
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CCL Stock Chart & Stats
$29.22
$0.02(0.08%)
At close: 4:00 PM EST
$29.22
$0.02(0.08%)
Day’s Range― - ―
52-Week Range$22.58 - $34.03
Previous CloseN/A
Volume7.59M
Average Volume (3M)29.63M
Market Cap
$42.74B
Enterprise Value$66.61B
Total Cash (Recent Filing)$1.42B
Total Debt (Recent Filing)$26.61B
Price to Earnings (P/E)13.3
Beta1.68
Next Earnings
Jun 23, 2026EPS Estimate
0.34Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.35
Shares Outstanding1,383,278,000
10 Day Avg. Volume23,767,362
30 Day Avg. Volume29,625,676
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)2.77
Price to Sales (P/S)1.28
P/FCF Ratio13.05
Enterprise Value/Market Cap1.56
Enterprise Value/Revenue2.47
Enterprise Value/Gross Profit6.58
Enterprise Value/Ebitda9.26
Forecast
1Y Price Target
$33.23Price Target Upside13.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering21
EPS Forecast (FY)2.23
Revenue Forecast (FY)$27.86B
Bulls Say, Bears Say
Bulls Say
Improving Cash GenerationTTM operating cash flow of $6.6B and free cash flow of $3.0B mark a durable recovery in cash generation. Higher FCF versus prior years increases the company's ability to fund required capex, reduce debt, and support buybacks or dividends, improving financial resilience over the next several quarters.
Recovered Profitability And MarginsCarnival has moved from multi-year losses to sustained profitability with TTM net margin around 11.5% and rising revenues (~$27B). Stronger yields and onboard spend underpin margins, providing a more stable earnings base to support reinvestment and deleveraging through the medium term.
Clear Strategic Plan & Disciplined Capital AllocationManagement’s PROPEL plan sets explicit ROIC, EPS and capital-return targets and pairs a disciplined capacity plan (only three ships entering service) with a $2.5B share buyback. This clarity and measured fleet growth signal stronger long-term capital allocation and governance consistency.
Bears Say
High Leverage RemainsTotal debt of $26.6B against $13.0B equity (debt-to-equity ~2.0x) leaves significant absolute leverage despite improvement. Modest cash‑flow coverage (~0.53) constrains flexibility for refinancing, capital spending or cycle downturns and elevates sensitivity to interest rates and liquidity shocks.
Material Fuel Exposure And Limited HedgingManagement quantifies a material fuel headwind ($0.38/sh for 2026) and a 10% fuel move equals roughly $160M. The company currently lacks a meaningful fuel-hedging program, so fuel-price volatility can quickly compress margins and cash flow, increasing earnings uncertainty over the medium term.
Cyclical Demand & Itinerary/geopolitical RiskCruise demand and route economics are cyclical and exposed to regional disruptions; management cited Middle East conflict risks and rising cruise costs without fuel. Such itinerary shifts, localized cancellations, or sustained cost inflation can meaningfully swing revenue and margins across the next several quarters.
Carnival News
CCL FAQ
What was Carnival Corporation’s price range in the past 12 months?
Carnival Corporation lowest stock price was $22.58 and its highest was $34.03 in the past 12 months.
What is Carnival Corporation’s market cap?
Carnival Corporation’s market cap is $42.74B.
When is Carnival Corporation’s upcoming earnings report date?
Carnival Corporation’s upcoming earnings report date is Jun 23, 2026 which is in 5 days.
How were Carnival Corporation’s earnings last quarter?
Carnival Corporation released its earnings results on Mar 27, 2026. The company reported $0.2 earnings per share for the quarter, beating the consensus estimate of $0.184 by $0.016.
Is Carnival Corporation overvalued?
According to Wall Street analysts Carnival Corporation’s price is currently Undervalued.
Does Carnival Corporation pay dividends?
Carnival Corporation pays a Quarterly dividend of $0.15 which represents an annual dividend yield of N/A. See more information on Carnival Corporation dividends here
What is Carnival Corporation’s EPS estimate?
Carnival Corporation’s EPS estimate is 0.34.
How many shares outstanding does Carnival Corporation have?
Carnival Corporation has 1,383,278,000 shares outstanding.
What happened to Carnival Corporation’s price movement after its last earnings report?
Carnival Corporation reported an EPS of $0.2 in its last earnings report, beating expectations of $0.184. Following the earnings report the stock price went down -4.314%.
Which hedge fund is a major shareholder of Carnival Corporation?
Currently, no hedge funds are holding shares in CCL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Carnival Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$33.23 (13.74% Upside)
$33.23 (13.74% Upside)
Blogger Sentiment
Bullish
CCL Sentiment 70%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 719.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
29.86%
12-Months-Change
Fundamentals
Return on Equity
26.22%
Trailing 12-Months
Asset Growth
6.25%
Trailing 12-Months
Company Description
Carnival Corporation
Carnival Corporation & plc operates as a prominent global entity in the leisure travel sector. Its extensive fleet of vessels navigates to nearly 700 different ports globally, sailing under a diverse portfolio of acclaimed brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. Beyond its core cruise operations, the company also provides port services and other related offerings. Its holdings include and it manages hotels, lodges, unique glass-domed railcars, and motor coaches. Customers primarily book their cruises through a network of travel agencies, tour operators, vacation planners, and direct online channels. The corporation maintains a broad international presence, with operations spanning the United States, Canada, continental Europe, the United Kingdom, Australia, New Zealand, Asia, and other global markets. It commands a significant fleet of 87 ships, collectively providing capacity for 223,000 passengers in lower berths. Carnival Corporation & plc was established in 1972 and has its headquarters situated in Miami, Florida.
CCL Company Deck
CCL Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call communicated strong operational momentum and several record-setting Q1 metrics (revenue, bookings, deposits, net income growth and improved yields), supported by a clear multi-year strategic plan (PROPEL) with ambitious ROIC, EPS and capital return targets. Major concerns centered on sharply higher fuel prices and geopolitical volatility that create meaningful near-term earnings headwinds and potential itinerary risks. On balance, management demonstrated confidence in demand, cost discipline and long-term value creation while acknowledging short-term fuel-driven pressure.View all CCL earnings summariesCCL Revenue Breakdown
65.43% Passenger ticket
34.57% Onboard and other
CCL Stock 12 Month Forecast
Average Price Target
$33.23
▲(13.74% Upside)
Technical Analysis
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Ownership Overview
7.08% Insiders
5.79% Mutual Funds
0.07% Other Institutional Investors
62.64% Public Companies and Individual Investors