Carnival (NYSE:CCL) Issues Earnings Results, Beats Expectations By $0.06 EPS

Carnival (NYSE:CCL) posted its quarterly earnings results on Tuesday. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06, FiscalAI reports. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.

Carnival Price Performance

Carnival stock opened at $27.91 on Tuesday. The stock has a market capitalization of $34.58 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.36 and a beta of 2.32. Carnival has a 12-month low of $23.45 and a 12-month high of $34.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26. The firm’s 50-day moving average is $27.33 and its two-hundred day moving average is $28.35.

Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, May 18th. Carnival’s dividend payout ratio is 26.67%.

Insider Activity at Carnival

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

Institutional Trading of Carnival

A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Carnival in the 1st quarter worth approximately $228,000. Empowered Funds LLC lifted its stake in Carnival by 61.6% during the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after buying an additional 11,601 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Carnival by 41.9% during the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after buying an additional 26,141 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Carnival by 57.0% during the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after buying an additional 23,484 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival News Roundup

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CCL shares. UBS Group reduced their price objective on shares of Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a report on Monday, April 13th. Melius Research set a $36.00 price objective on Carnival in a report on Wednesday, June 17th. Truist Financial decreased their price target on Carnival from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. TD Cowen increased their price objective on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Loop Capital started coverage on Carnival in a report on Monday, June 1st. They set a “buy” rating and a $36.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carnival presently has an average rating of “Moderate Buy” and an average target price of $34.94.

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.