Carnival Corporation & plc Sees $339 Million Trading Volume Despite 31.73% Decrease

On May 22, 2025, Carnival Corporation & plc (CCL) saw a trading volume of $339 million, marking a 31.73% decrease from the previous day. The stock price of CCL rose by 1.77%.

Carnival's stock performance has been bolstered by exceptional consumer demand, driving record-breaking revenue and profitability. This momentum is evident in the expanding cruise market, where Carnival is a key player.

Carnival Corporation & plc recently closed a $1 billion notes offering as part of its cost management strategy. The company issued 5.875% senior unsecured notes due 2031 to investors, aiming to redeem its $993 million 7.625% senior unsecured notes due 2026.

Analysts have revised their earnings estimates for Carnival, with five analysts increasing their estimates in the last 60 days. The Zacks Consensus Estimate has risen to $1.85 per share for fiscal 2025, reflecting a positive outlook on the company's financial performance.

Carnival has made significant strides in reducing its debt, paying down its long-term debt from $35 billion in 2023 to approximately $27 billion today. The company is also refinancing debt to lower its interest expenses, saving roughly $100 million in expected interest expenses for 2025.

Despite its strong performance, Carnival's stock trades at a price-to-earnings (P/E) ratio of 16, which is below that of the S&P 500. This is likely due to the company's debt and the capital-intensive nature of its business. Analysts estimate that Carnival will earn $1.86 per share this year, $2.14 in 2026, and $2.93 in 2027.

Investors should remain cautious about Carnival's stock, as it sells a discretionary product that may be affected by economic downturns. Factors such as low consumer sentiment, high household credit card debt, and resuming federal student loan payments could impact Carnival's business in the future.