Equities Analysts Offer Predictions for Carnival Co. & plc’s FY2024 Earnings (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Equities research analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Carnival Co. & in a report released on Monday, April 22nd. William Blair analyst S. Zackfia now anticipates that the company will earn $0.98 per share for the year, up from their prior forecast 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.

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

A number of other equities analysts have also issued reports on the company. Macquarie increased their price objective on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus decreased their price target on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. The Goldman Sachs Group assumed coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective on the stock. Barclays increased their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Truist Financial raised their target price on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Price Performance

NYSE CCL opened at $15.01 on Wednesday. The company has a 50-day moving average price of $15.58 and a two-hundred day moving average price of $15.44. The stock has a market cap of $16.85 billion, a price-to-earnings 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. & has a 52 week low of $8.70 and a 52 week high of $19.74.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its position in shares of Carnival Co. & by 4.1% in the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after acquiring an additional 601 shares in the last quarter. Parkside Financial Bank & Trust grew its position in 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 Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after purchasing an additional 726 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings 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 valued at $34,000 after purchasing an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of 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 buying an additional 800 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Buying and Selling

In other news, CFO David Bernstein sold 153,995 shares of the company’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 sale, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

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.