Q3 2024 EPS Estimates for Carnival Co. & plc Boosted by Analyst (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Analysts at Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for shares of Carnival Co. & in a research note issued to investors on Monday, August 28th. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings of $0.87 per share for the quarter, up from their prior forecast of $0.86. The consensus estimate for Carnival Co. &’s current full-year earnings is ($0.14) per share. Zacks Research also issued estimates for Carnival Co. &’s FY2024 earnings at $0.73 EPS and Q2 2025 earnings at $0.12 EPS.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, June 26th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.03. Carnival Co. & had a negative return on equity of 41.35% and a negative net margin of 19.83%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.79 billion. During the same quarter in the previous year, the firm posted ($1.64) EPS. The firm’s quarterly revenue was up 104.5% on a year-over-year basis.

A number of other research firms also recently commented on CCL. StockNews.com started coverage on Carnival Co. & in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Barclays boosted their price objective on Carnival Co. & from $19.00 to $22.00 in a research note on Tuesday, July 18th. Citigroup boosted their price objective on Carnival Co. & from $18.00 to $20.00 in a research note on Wednesday, June 28th. Morgan Stanley boosted their price objective on Carnival Co. & from $7.00 to $11.50 in a research note on Tuesday, June 27th. Finally, Jefferies Financial Group raised Carnival Co. & from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.00 to $25.00 in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $16.85.

Carnival Co. & Trading Up 2.1 %

Shares of CCL stock opened at $16.04 on Tuesday. The company has a debt-to-equity ratio of 5.44, a quick ratio of 0.49 and a current ratio of 0.52. Carnival Co. & has a 1 year low of $6.11 and a 1 year high of $19.55. The stock has a fifty day moving average of $17.31 and a two-hundred day moving average of $13.06. The firm has a market capitalization of $17.95 billion, a PE ratio of -5.75 and a beta of 2.39.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its position in Carnival Co. & by 2.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 404,473 shares of the company’s stock worth $3,268,000 after purchasing an additional 8,092 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Carnival Co. & by 14.1% in the first quarter. Integrated Wealth Concepts LLC now owns 55,546 shares of the company’s stock valued at $564,000 after acquiring an additional 6,870 shares during the last quarter. Arizona State Retirement System grew its position in Carnival Co. & by 3.6% in the fourth quarter. Arizona State Retirement System now owns 279,401 shares of the company’s stock worth $2,252,000 after acquiring an additional 9,595 shares in the last quarter. Capital Square LLC acquired a new position in shares of Carnival Co. & during the 4th quarter worth $625,000. Finally, Moors & Cabot Inc. raised its holdings in shares of Carnival Co. & by 40.9% during the 1st quarter. Moors & Cabot Inc. now owns 15,160 shares of the company’s stock valued at $154,000 after purchasing an additional 4,400 shares in the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.