About CarnivalCopy link to section
What is Carnival?Copy link to section
Carnival Corporation is a travel and leisure company and the world’s largest cruise line operator. Headquartered in Miami, Florida, it was founded in 1972 by entrepreneur Micky Arison and became a publicly traded company following its IPO in 1987. It has a fleet of 92 ships that host nearly 13 million passengers annually, accounting for almost half of the global cruise market.
Its global cruise line brands portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. These ships visit 700 ports worldwide, although the company primarily operates in North America, Europe, Australia, New Zealand, and Asia. In addition to cruise liners, Carnival Corporation also owns many hotels, lodges, rail cars, and motor coaches.
How does Carnival make money?Copy link to section
Most of the money Carnival makes comes from ticket sales. It operates four separate business segments: North America and Australia cruise operations, Europe and Asia cruise operations, cruise support, and tours and others. 95% of its revenue is generated from its cruise operations, including ticket sales and onboard sales, with North American and Australian operations bringing in more than half of its money.
What is Carnival’s best selling product?Copy link to section
The North America and Australia (NAA) cruise operation is Carnivals’ biggest revenue generator. NAA includes five of Carnival’s nine brands and operates cruises around the year. In 2021, revenue from NAA amounted to $1.1 billion, almost 60% of its total revenue for the year.
Who are the key executives at Carnival?Copy link to section
Carnivals founder Micky Arison is its executive chairman. The company bought in a new CEO, Josh Weinstein, in August 2022. Here are some other executives for Carnival Corporation.
- Josh Weinstein. Chief Executive Officer
- David Bernstein. Chief Finacial Officer
- Enrique Miguez. Gen. Counsel
- Arnaldo Perez. Senior Vice President
- Michael Olaf Thamm. Group Chief Executive
- Gregory Sullivan. Chief Information Officer
- Beth Roberts. Senior Vice President of Investor Relations
- Richard Brilliant. Chief Risk and Compliance Officer
- Roger Frizzell. Chief Communications Officer
Where can I buy shares in Carnival?Copy link to section
You can buy Carnival stock on a stock trading platform. These platforms are extremely simple to use, but there are different options to suit your specific needs. If you are a first-time investor, you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Carnival?Copy link to section
The simplest way to invest in Carnival is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
Carnival is part of the NYSE index, so you can invest in an ETF that tracks that index. It also features in other types of ETFs that let you own a basket of related stocks from the same industry, including travel and hospitality ETFs.
More about the CCL priceCopy link to section
What is the Carnival stock price today?Copy link to section
The CCL stock price today is currently $7.28, as of October 2022. The price of Carnival is down 69% in 2022. You can use the live Carnival stock chart to track the NYSE:CCL price in real-time above or compare the Carnival value today to its past performance using the Carnival financials tab at the top of this page.
What is the 52-week low for Carnival stock?Copy link to section
The 52-week low for Carnival stock is $6.58. CCL stock is currently 8.92% above the 52-week low.
What is the 52-week high for Carnival stock?Copy link to section
The 52-week high for Carnival stock is $26.24. CCL stock is currently 72% below the 52-week high.
What is the stock forecast for Carnival?Copy link to section
The average Carnival stock forecast has a price target of $10 by the end of 2022. Carnival’s latest financial results, the broader economic outlook, and the amount of competition in the industry all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt, but you can use their estimates to help you understand the weight of opinion about a stock.
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FAQsCopy link to section
Carnival’s market capitalisation is $9.45 billion. This is calculated by multiplying the number of shares that have been issued by the current CCL share price. Another way of measuring this is enterprise value, which includes Carnival’s debt obligations. Carnival’s enterprise value is $37.11 billion.
Carnival Corporation went public in 1987 via an initial public offering (IPO) at a price of $3.875. The company trades on both the New York Stock Exchange and the London Stock Exchange.
Micky Arison, Carnival’s founder, is the company’s biggest shareholder, with 121 million shares. The Vanguard Group are the second largest with about 63 million, and the Public Investment Fund of Saudi Arabia is third with approximately 50 million shares.
Carnival Corporation has had two stock splits since it became a publicly traded company. The first took place in December 1994 and was a two-for-one split. It closing price on that day was $20.50 (adjusted for the split). The second came in April 1998 and was another two-for-one split. Its closing price was $35.19 (adjusted for the split).
Carnival reports earnings four times a year. Its fiscal year is split into quarters. Quarter one runs from December – February. Quarter two runs from March-May. Quarter four runs from June – August. Quarter four runs September – November. Its earnings are reported in the last month of each quarter.
The company had consistently paid quarterly dividends to shareholders for several years. However, in 2022 dividend payments were frozen and have not been paid since. This is due to the coronavirus pandemic causing the business to lose money. Carnival has not declared if or when dividends will be resumed.
Carnival is the market leader in the cruise industry, although there is competition from several other cruise liner companies. Below is a selection of some of its biggest competitors.
- Royal Caribbean International. Royal Caribbean is a cruise line brand operating cruises around the Caribbean and elsewhere.
- Expedia. Expedia is an online travel company involved in all types of travel.
- Walt Disney. Disney cruise line is a brand belonging to the Walt Disney Co.
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