William Blair Comments on Carnival’s Q3 Earnings (NYSE:CCL)

Carnival Corporation (NYSE:CCL) – Investment analysts at William Blair boosted their Q3 2025 earnings per share (EPS) estimates for Carnival in a research report issued to clients and investors on Wednesday, September 17th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $1.32 for the quarter, up from their prior estimate of $1.31. The consensus estimate for Carnival’s current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival’s FY2026 earnings at $2.38 EPS.

Several other equities research analysts have also weighed in on the company. Bank of America increased their target price on Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley increased their price objective on shares of Carnival from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Thursday, June 26th. Tigress Financial boosted their target price on shares of Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Mizuho upped their target price on shares of Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. lifted their price target on Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, September 15th. Fifteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.63.

Carnival Stock Down 2.8%

CCL stock opened at $30.56 on Monday. The firm has a market cap of $35.68 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 0.68 and a beta of 2.70. Carnival has a 1-year low of $15.07 and a 1-year high of $32.80. The firm has a fifty day moving average price of $30.40 and a two-hundred day moving average price of $24.87. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.Carnival’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS.

Institutional Trading of Carnival

A number of hedge funds have recently made changes to their positions in the stock. REAP Financial Group LLC boosted its holdings in shares of Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock worth $103,000 after purchasing an additional 349 shares during the period. Eagle Wealth Strategies LLC boosted its stake in shares of Carnival by 1.4% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock valued at $730,000 after buying an additional 369 shares during the period. 1834 Investment Advisors Co. boosted its stake in shares of Carnival by 1.6% during the 2nd quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock valued at $674,000 after buying an additional 372 shares during the period. Greenleaf Trust grew its holdings in shares of Carnival by 3.1% during the 2nd quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock valued at $409,000 after acquiring an additional 443 shares in the last quarter. Finally, Encompass Wealth Advisors LLC increased its stake in shares of Carnival by 2.9% in the second quarter. Encompass Wealth Advisors LLC now owns 16,545 shares of the company’s stock worth $465,000 after acquiring an additional 466 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.60% of the company’s stock.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.