Carnival (NYSE:CCL) Posts Earnings Results, Beats Estimates By $0.06 EPS

Carnival (NYSE:CCL) released its earnings results on Tuesday. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06, FiscalAI reports. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion.

Carnival Stock Performance

Shares of CCL opened at $27.18 on Tuesday. The stock has a market capitalization of $33.68 billion, a P/E ratio of 12.14, a P/E/G ratio of 1.36 and a beta of 2.32. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30. Carnival has a 1 year low of $23.45 and a 1 year high of $34.03. The company’s fifty day moving average is $27.33 and its two-hundred day moving average is $28.35.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, May 18th. Carnival’s dividend payout ratio (DPR) is 26.67%.

Carnival News Summary

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival is benefiting from record bookings and falling oil prices, which could help improve margins and support cruising demand. Article Title
• Positive Sentiment: Investors are viewing Carnival’s upcoming earnings as a key test for the broader cruise rally, with expectations that strong operating performance could extend the recent move higher. Article Title
• Positive Sentiment: Some coverage suggests Carnival could still have meaningful upside if it continues delivering on bookings, pricing, and profitability. Article Title
• Neutral Sentiment: Several articles simply flagged Carnival as a stock to watch ahead of Tuesday’s earnings release, reinforcing that traders are waiting for fresh guidance rather than reacting to a single new catalyst. Article Title
• Negative Sentiment: Texas has launched an investigation into Carnival’s April data breach, adding legal and reputational risk at a sensitive time for the company. Article Title
• Negative Sentiment: Some analysts are warning that higher fuel prices could hurt Carnival’s near-term earnings, which may limit enthusiasm ahead of results. Article Title

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. HSBC raised Carnival from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $33.60 to $30.10 in a research report on Monday, March 30th. Morgan Stanley upgraded shares of Carnival from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $33.00 to $31.00 in a research report on Thursday, March 19th. UBS Group dropped their target price on shares of Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Stifel Nicolaus lifted their price target on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, Weiss Ratings downgraded shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.94.

Insider Activity

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director directly owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 55,058 shares of company stock worth $1,524,195. Insiders own 7.90% of the company’s stock.

Hedge Funds Weigh In On Carnival

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Carnival by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after purchasing an additional 5,435 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of Carnival during the first quarter valued at approximately $228,000. Empowered Funds LLC boosted its position in Carnival by 61.6% during the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock worth $594,000 after acquiring an additional 11,601 shares during the last quarter. Woodline Partners LP raised its holdings in Carnival by 41.9% in the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after acquiring an additional 26,141 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of Carnival by 57.0% during the 2nd quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock worth $1,820,000 after purchasing an additional 23,484 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.