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Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names.
The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally.
It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
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Carnival Corp (NYSE: CCL) is trading lower on Thursday. The shares gained more than 11% yesterday.
A cessation in hostilities in the Middle East drove travel stocks higher. Energy prices are likely to remain volatile.
Expand NYSE: CCL Carnival Corp. Today's Change (11.23%) $2.83 Current Price $28.03 Key Data Points Market Cap $35B Day's Range $27.59 - $28.99 52wk Range $16.61 - $34.03 Volume 52M Avg Vol 25M Gross Margin 29.71% Dividend Yield 0.60% Carnival (CCL +11.23%), global cruise-ship leisure travel operator, closed Wednesday at $28.03, up 11.23%. The stock moved higher tied to Iran ceasefire hopes, collapsing oil prices, and a cruise-sector rally that investors are watching for durability in fuel costs and demand trends.Trading volume reached 47.8 million shares, coming in about 92% above its three-month average of 24.9 million shares.
Six days ago, cruise stocks were sinking. On April 2, shares of Carnival (NYSE:CCL) and Norwegian Cruise Line (NYSE:NCLH) stock fell roughly 4% on fuel cost fears as WTI crude oil surged from around $80 per barrel in early March to above $113 per barrel by late March, squeezing the outlook for two of the most fuel-intensive businesses in travel.
The cease-fire agreement between the U.S. and Iran triggered a relief rally in shares of travel and retail giants Wednesday, on hopes that a break from surging fuel prices would help businesses manage costs and calm anxious consumers.
Stocks are shooting higher today as investors cheer the drop in oil prices and easing geopolitical tensions
Carnival shares are rising Wednesday, leading the S&P 500 on sentiment related to the Iran war cease-fire. However, analysts see other reasons why Carnival is positioned well.
West Texas Intermediate crude fell 17% to about $93 a barrel early Wednesday, marking its sharpest single-session decline since April 2020, as traders rapidly unwound positions tied to a potential disruption in the Strait of Hormuz, a key global oil transit route.
Aaron Wealth Advisors LLC grew its holdings in shares of Carnival Corporation (NYSE: CCL) by 178.8% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,589 shares of the company's stock after purchasing an additional 36,935 shares during the quarter. Aaron Wealth
CCL's stronger onboard spending, early bookings and high prices are fueling yield growth into fiscal 2026.
Carnival Corporation has strongly recovered from the pandemic crisis, but the company must now contend with rising fuel costs. Inflation and elevated interest rates could also be a challenge.
Carnival Corporation has experienced a sharp decline due to macro risks stemming from regional instability and a fuel price rise, resulting in reduced profit guidance. However, CCL's market multiples are attractive, particularly compared to cruise sector averages, and its restart of dividends is a nice plus. The company's medium-term guidance for both earnings and debt-to-EBITDA is encouraging too, encouraging the retention of a Buy rating.
CCL cools after a big run as fuel costs and softer bookings pressure margins, even as strong demand and pricing power support its longer-term outlook.
Investors seem to be concerned about the company's earnings guidance for the coming year, despite Carnival's double beat and bullish outlook for 2026 bookings.
Carnival Corporation (NYSE: CCL - Get Free Report) Director Sir Jonathon Band sold 11,988 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the transaction, the director directly owned 52,601 shares in the
