Carnival Co. & plc (NYSE:CCL) Forecasted to Earn FY2025 Earnings of $1.62 Per Share

Carnival Co. & plc (NYSE:CCL) – Equities research analysts at William Blair raised their FY2025 earnings per share (EPS) estimates for shares of Carnival Co. & in a research note issued on Monday, April 22nd. William Blair analyst S. Zackfia now expects that the company will post earnings of $1.62 per share for the year, up from their prior estimate of $1.58. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.01 per share.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the business earned ($0.55) earnings per share. Carnival Co. &’s revenue was up 22.0% compared to the same quarter last year.

CCL has been the topic of several other reports. Tigress Financial upped their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Susquehanna lowered their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Monday, March 25th. Truist Financial upped their price objective on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. Argus decreased their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Up 1.2 %

Carnival Co. & stock opened at $14.29 on Tuesday. The stock has a market cap of $16.03 billion, a P/E ratio of 54.94 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm’s fifty day moving average price is $15.59 and its 200-day moving average price is $15.43. Carnival Co. & has a fifty-two week low of $8.70 and a fifty-two week high of $19.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its stake in Carnival Co. & by 1.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 373,594 shares of the company’s stock worth $6,105,000 after purchasing an additional 4,027 shares during the period. PFG Investments LLC purchased a new position in Carnival Co. & during the 1st quarter valued at about $376,000. New Century Financial Group LLC bought a new stake in Carnival Co. & during the first quarter worth about $1,076,000. Advisor Resource Council bought a new stake in Carnival Co. & during the first quarter worth about $178,000. Finally, Silverlake Wealth Management LLC grew its holdings in Carnival Co. & by 43.3% in the first quarter. Silverlake Wealth Management LLC now owns 62,953 shares of the company’s stock worth $1,029,000 after purchasing an additional 19,012 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Activity

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 11.00% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.