Carnival (NYSE:CCL) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Carnival (NYSE:CCL) released its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11, Zacks reports. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter 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 Stock Down 0.7%

Shares of NYSE:CCL opened at $25.51 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The business’s 50 day moving average is $21.89 and its 200 day moving average is $22.83. The stock has a market cap of $29.76 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 0.57 and a beta of 2.58. Carnival has a 52-week low of $13.78 and a 52-week high of $28.72.

Institutional Investors Weigh In On Carnival

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 in the last quarter. Woodline Partners LP increased its position in 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 purchasing an additional 26,141 shares during the period. Empowered Funds LLC raised its holdings in shares of Carnival by 61.6% in the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after purchasing an additional 11,601 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Carnival in the 1st quarter valued at about $228,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCL has been the subject of several recent analyst reports. Mizuho lifted their target price on shares of Carnival from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America upped their price objective on Carnival from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday. HSBC upgraded Carnival from a “reduce” rating to a “hold” rating and set a $24.00 price target for the company in a research note on Friday, May 16th. William Blair reaffirmed an “outperform” rating on shares of Carnival in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded Carnival from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.68.

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.