FY2024 Earnings Estimate for Carnival Co. & plc Issued By William Blair (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Equities research analysts at William Blair upped their FY2024 earnings per share 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 earn $0.98 per share for the year, up from their previous estimate of $0.97. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.01 per share. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.04 EPS and FY2026 earnings at $1.86 EPS.

A number of other brokerages have also recently issued reports on CCL. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Macquarie upped their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Susquehanna reduced their target price on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. The Goldman Sachs Group initiated coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Barclays lifted their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Performance

NYSE CCL opened at $15.01 on Wednesday. The firm’s fifty day moving average price is $15.58 and its two-hundred day moving average price is $15.44. Carnival Co. & has a 1 year low of $8.70 and a 1 year high of $19.74. The firm has a market capitalization of $16.85 billion, a P/E ratio of 57.73 and a beta of 2.54. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27.

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. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the business posted ($0.55) EPS. The business’s revenue was up 22.0% compared to the same quarter last year.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its position in shares of Carnival Co. & by 447.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after acquiring an additional 176,286 shares in the last quarter. Bellwether Advisors LLC bought a new position in shares of Carnival Co. & in the 4th quarter valued at $1,368,000. Patton Fund Management Inc. raised its holdings in shares of Carnival Co. & by 981.9% during the 3rd quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock worth $1,497,000 after buying an additional 99,046 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Carnival Co. & by 126.1% during the 4th quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after buying an additional 413,082 shares during the last quarter. Finally, Blackstone Inc. boosted its stake in Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after buying an additional 1,010,000 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was 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 owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

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.