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Image source: Getty Images. The company forecasts 2024 adjusted EBITDA of $6 billion, representing a 40% increase from 2023. The target for full-year adjusted earnings per share of $1.33 is set to ...
The stock price has followed, with the shares heading for a gain of more than 35%. ... Today, Carnival stock still is trading well below its price levels of five years ago -- at about $25 a share ...
However, Carnival looks like a good buy after the report with a price-to-earnings ratio of 16, which seems a good price considering that bottom-line results are still soaring.
Carnival (NYSE: CCL) (NYSE: CUK) posted its fiscal fourth-quarter results on Friday morning, and it once again exceeded expectations. Carnival shares have more than tripled since the start of 2023.
A lot of new shares were issued, and at low price points. Thankfully, Carnival is returning money to its shareholders through buybacks in recent quarters. A dividend can come sooner rather than later.
Analysts at UBS maintained their buy rating on the stock, setting a target price of $21. Carnival shares rose Tuesday on the news, reaching $18.40 at time of publication after hovering around $16 ...
Since the start of 2023, shares have skyrocketed 115% (as of Oct. 1). That gain is well ahead of the S&P 500 index's rise over the same period. But this top cruise line stock still has a lot of ...
Carnival reached its all-time high in 2018. For premium support please call: 800-290-4726 more ways to reach us