FY2024 EPS Estimates for Carnival Co. & plc Increased by William Blair (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Analysts at William Blair raised their FY2024 EPS estimates for Carnival Co. & in a research report issued on Monday, April 22nd. William Blair analyst S. Zackfia now expects that the company will post earnings of $0.98 per share for the year, up from their previous forecast of $0.97. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.01 per share. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.04 EPS and FY2026 earnings at $1.86 EPS.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.55) EPS.

Several other brokerages have also recently commented on CCL. Tigress Financial raised their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Friday, January 5th. The Goldman Sachs Group initiated coverage on Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target on the stock. Susquehanna reduced their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. Finally, Truist Financial upped their target price on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Trading Up 3.6 %

NYSE:CCL opened at $14.79 on Wednesday. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 56.88 and a beta of 2.54. Carnival Co. & has a 1 year low of $8.70 and a 1 year high of $19.74. The stock has a fifty day moving average price of $15.58 and a two-hundred day moving average price of $15.44. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36.

Insider Transactions at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Friedenthal Financial acquired a new stake in shares of Carnival Co. & in the fourth quarter worth approximately $28,000. Richardson Capital Management LLC purchased a new position in Carnival Co. & during the first quarter worth approximately $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Carnival Co. & in the 4th quarter valued at $31,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in shares of Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.