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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.
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 ...
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.
One final reason to sell Carnival shares is their poor track record as a long-term investment. Over the past 10- and 20-year periods, the shares have lost 56% and 64%, respectively.
Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival shares traded up 8.57% to $22.36. The stock has a 52-week high of $43.44 and a 52-week low of $7.80.
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) has been making a comeback. 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 ...
If any company is emblematic of the “recovery trade,” it would be cruise operator Carnival Corporation (NYSE:CCL). Indeed, you could actually use CCL stock as a gauge of how both Wall Street ...