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

Carnival (NYSE:CCL) issued its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11, Zacks reports. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Carnival updated its FY 2025 guidance to 1.970-1.970 EPS and its Q3 2025 guidance to 1.300-1.300 EPS.

Carnival Price Performance

Shares of NYSE CCL opened at $25.51 on Thursday. The stock has a market cap of $29.76 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.57 and a beta of 2.58. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.21 and a current ratio of 0.34. Carnival has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm’s 50-day simple moving average is $21.89 and its 200 day simple moving average is $22.83.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCL shares. Northcoast Research began coverage on Carnival in a research note on Friday, April 25th. They issued a “neutral” rating on the stock. Truist Financial set a $27.00 target price on Carnival in a report on Monday. Stifel Nicolaus increased their price target on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays lifted their price objective on shares of Carnival from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Hsbc Global Res upgraded shares of Carnival from a “moderate sell” rating to a “hold” rating in a research report on Friday, May 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.68.

Institutional Trading of Carnival

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Carnival by 5.1% during 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 buying an additional 5,435 shares during the last quarter. Woodline Partners LP raised its position 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 buying an additional 26,141 shares during the last quarter. Empowered Funds LLC lifted its stake in Carnival by 61.6% during the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after acquiring an additional 11,601 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in Carnival during the 1st quarter worth $228,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.