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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 ...
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.
It peaked at about $34 billion in early 2023, and since that time, Carnival has pre-paid $7.3 billion. And the company says it's well on the path to its goal of approaching investment-grade status ...
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.
Carnival shares rebounded substantially from the nadir during the pandemic as the stock has more than doubled from its low two years ago. ... Carnival looks like a good buy after the report with a ...
Shares of cruise lines stocks ... raised the price target on Carnival from $25 to $28, Royal Caribbean from $204 to $253, and Norwegian from $20 to $30. ... to continue profitable growth and dig ...
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.
3. A dirt cheap price. The dirt cheap price makes this stock look like a deal too good to miss. Carnival stock trades at a price-to-sales ratio of 0.9. Even though the company is performing well ...