Carnival Corporation receives a "Hold" rating with anticipated increase in earnings and revenue

From Financial Modeling Prep: 2025-06-23 08:06:00

Carnival Corporation, listed on NYSE as CCL, is a key player in the cruise industry with a wide range of ships and global presence. Despite competition from Royal Caribbean and Norwegian Cruise Line, Carnival offers diverse travel experiences through various brands.

Loop Capital Markets maintained a “Hold” rating for Carnival on June 23, with stock at $23.77 ahead of the second-quarter earnings release on June 24. Analysts predict earnings of 24 cents per share, a significant increase from 11 cents per share last year. Anticipated quarterly revenue is $6.21 billion, up from $5.78 billion in the previous year.

Carnival’s growth is evident as they secure a $4.5 billion revolving credit facility, strengthening financial flexibility. With stock closing at $23.77, a 0.7% increase, the market capitalization stands at around $30.85 billion. Over the past year, stock prices ranged from $13.78 to $28.72, currently trading between $23.63 and $23.90 with a trading volume of 17.48 million shares. Investors and analysts are closely monitoring Carnival’s performance and strategies in the competitive cruise market.



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