William Blair Analysts Boost Earnings Estimates for Carnival Co. & plc (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Research analysts at William Blair boosted their FY2025 EPS estimates for Carnival Co. & in a note issued to investors on Monday, April 22nd. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $1.62 for the year, up from their previous forecast 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.

A number of other analysts have also issued reports on the company. Barclays lifted their price target on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Friday, January 5th. JPMorgan Chase & Co. increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Mizuho started coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target for the company. Finally, Truist Financial increased their price objective on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. One 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $14.79 on Tuesday. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The business’s 50 day moving average price is $15.58 and its 200-day moving average price is $15.44. The firm has a market capitalization of $16.60 billion, a PE ratio of 56.88 and a beta of 2.54. Carnival Co. & has a 1 year low of $8.70 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $5.41 billion during 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 company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.55) earnings per share.

Insider Buying and Selling

In other news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCL. Sunbelt Securities Inc. grew its position in Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after purchasing an additional 601 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Carnival Co. & by 10.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after purchasing an additional 689 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in Carnival Co. & by 66.7% during the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after buying an additional 800 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

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.