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

Carnival Co. & plc (NYSE:CCL) – 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 anticipates 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.

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

CCL has been the subject of a number of other research reports. Argus cut their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Tigress Financial raised their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective for the company. Susquehanna lowered their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. Finally, Truist Financial raised their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $14.79 on Tuesday. The business has a 50 day moving average price of $15.58 and a 200 day moving average price of $15.44. Carnival Co. & has a twelve month low of $8.70 and a twelve month high of $19.74. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 56.88 and a beta of 2.54. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently bought and sold shares of CCL. Friedenthal Financial purchased a new position in Carnival Co. & in the 4th quarter worth approximately $28,000. Richardson Capital Management LLC purchased a new position in Carnival Co. & in the 1st quarter worth approximately $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Carnival Co. & in the fourth quarter worth about $31,000. Massmutual Trust Co. FSB ADV lifted its position in shares of 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 buying an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is owned by 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.