Carnival (NYSE:CCL) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Carnival (NYSE:CCL) issued its quarterly earnings data on Tuesday. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11, Zacks reports. Carnival had a net margin of 8.07% and a return on equity of 26.53%. During the same quarter in the previous year, the business posted $0.11 EPS. Carnival updated its FY 2025 guidance to 1.970-1.970 EPS and its Q3 2025 guidance to 1.300-1.300 EPS.

Carnival Stock Up 9.1%

NYSE CCL traded up $2.18 on Tuesday, hitting $26.22. 29,454,782 shares of the stock were exchanged, compared to its average volume of 25,520,619. Carnival has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a 50-day moving average price of $21.58 and a 200-day moving average price of $22.79. The company has a quick ratio of 0.21, a current ratio of 0.26 and a debt-to-equity ratio of 2.78. The company has a market cap of $30.59 billion, a PE ratio of 17.58, a PEG ratio of 0.55 and a beta of 2.58.

Institutional Investors Weigh In On Carnival

Several hedge funds and other institutional investors have recently made changes to their positions in CCL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Carnival by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after acquiring an additional 5,435 shares during the period. Woodline Partners LP boosted its stake in Carnival by 41.9% during the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock worth $1,729,000 after purchasing an additional 26,141 shares during the period. Empowered Funds LLC grew its position in Carnival by 61.6% during the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock worth $594,000 after purchasing an additional 11,601 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Carnival during the 1st quarter worth $228,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CCL. Truist Financial set a $27.00 price objective on Carnival in a research note on Monday. HSBC upgraded shares of Carnival from a “reduce” rating to a “hold” rating and set a $24.00 target price for the company in a research report on Friday, May 16th. William Blair reissued an “outperform” rating on shares of Carnival in a research note on Monday, March 10th. BNP Paribas began coverage on shares of Carnival in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, Wall Street Zen upgraded Carnival from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

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.