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The cruise giant also aims to more than double its return on invested capital (ROIC) from 2023 to 2026. In the most recent quarter, Carnival said it was "firmly on the path" to these goals.
So should investors buy, sell, or hold this cruise line stock now? The case to buy and hold In its fiscal 2023, Carnival's revenue soared 77% to $21.6 billion, which was a new record level.
According to Cruise Market Watch, 43% of all cruise passengers sailed on a Carnival ship. That is far above Royal Caribbean at 26% or Norwegian Cruise Line Holdings at 9%. Moreover, the pattern ...
Carnival Cruise Line headquarters in Doral, Florida. Carnival is one of ten cruise lines owned by the world's largest cruise ship operator, the American-British Carnival Corporation & plc. [3] In 2021, Carnival Cruise Line was estimated to hold a 7.6% share of cruise industry revenue and 18.2% of passengers. [4]
Image source: Getty Images. Sell Carnival. It's not all sunny skies at Carnival. It still has nearly $30 billion in long-term debt, pushing its enterprise value to nearly double its market cap.
Norwegian Cruise Line debuted the 155,873 GT Norwegian Epic in 2010, the first ship outside of the Oasis class with a double-occupancy capacity of over 4,000, [22] Princess Cruises and P&O Cruises, debuted the first of seven 142,714 GT+ Royal-class ships in 2013, [23] and the corporation's Carnival Cruise Line, Costa Cruises, and AIDA Cruises ...
Before examining each company's revenue and net income, it's worth noting that Carnival is a much larger cruise operator than Norwegian, with a market capitalization of $21.7 billion compared to ...
Today, you can buy shares of Carnival at a price-to-earnings ratio of 16, which is well below the S&P 500 index average of 30. Royal Caribbean: Best profit margins
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