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

Carnival Co. & plc (NYSE:CCL) – Stock analysts at Zacks Research increased their Q3 2024 earnings estimates for Carnival Co. & in a research note issued on Wednesday, April 10th. Zacks Research analyst M. Kaushik now forecasts that the company will earn $1.08 per share for the quarter, up from their previous estimate of $0.98. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.01 per share. Zacks Research also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.98 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $1.32 EPS and FY2026 earnings at $1.52 EPS.

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

A number of other brokerages have also issued reports on CCL. Barclays raised their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Stifel Nicolaus lowered their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Macquarie raised their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Tuesday, March 19th. Finally, Truist Financial lifted their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Down 4.1 %

CCL opened at $14.36 on Friday. The company’s 50 day moving average is $15.77 and its 200-day moving average is $15.39. Carnival Co. & has a 1-year low of $8.70 and a 1-year high of $19.74. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The company has a market cap of $16.12 billion, a P/E ratio of 55.23 and a beta of 2.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Friedenthal Financial bought a new position in shares of Carnival Co. & in the fourth quarter worth approximately $28,000. ICA Group Wealth Management LLC purchased a new stake in Carnival Co. & in the fourth quarter worth $31,000. Farther Finance Advisors LLC lifted its stake in Carnival Co. & by 59.6% in the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock worth $34,000 after acquiring an additional 669 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after acquiring an additional 739 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Carnival Co. & by 66.7% in the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after acquiring an additional 800 shares during the period. Institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 34,020 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $17.05, for a total transaction of $580,041.00. Following the transaction, the chief financial officer now directly owns 335,976 shares in the company, valued at $5,728,390.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.00% of the company’s stock.

About Carnival Co. &

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.