Carnival (CCL) Expected to Announce Earnings on Monday

Key Points

• Carnival is set to announce its Q3 2025 earnings on September 29th, with analysts forecasting earnings of $1.31 per share and revenue of $8.0909 billion.
• The company's stock recently opened at $30.56, reflecting a market cap of $35.68 billion and a notable trading down of 2.8%.
• Various analysts have raised their price targets for Carnival, with some suggesting a potential target of $39.00, indicating a broadly "Moderate Buy" rating from research analysts.

Carnival (NYSE:CCL - Get Free Report) is anticipated to announce its Q3 2025 results before the market opens on Monday, September 29th. Analysts expect the company to announce earnings of $1.31 per share and revenue of $8.0909 billion for the quarter. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS.Investors may review the information on the company's upcoming Q3 2025 earningreport for the latest details on the call scheduled for Monday, September 29, 2025 at 10:00 AM ET.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the business earned $0.11 EPS. Carnival's quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect Carnival to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carnival Stock Up 0.7%

Shares of CCL stock traded up $0.22 on Monday, hitting $30.74. The company's stock had a trading volume of 17,058,638 shares, compared to its average volume of 16,631,050. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The firm's fifty day moving average price is $30.40 and its 200-day moving average price is $24.87. The stock has a market capitalization of $35.88 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.68 and a beta of 2.70.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CCL shares. Barclays lifted their price objective on shares of Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research note on Wednesday, September 17th. Stifel Nicolaus lifted their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. 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, June 25th. Truist Financial lifted their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Finally, Bank of America lifted their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.63.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares of the company's stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.60% of the stock is currently owned by insiders.

Institutional Trading of Carnival

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Viking Global Investors LP increased its stake in Carnival by 6.4% in the second quarter. Viking Global Investors LP now owns 13,207,267 shares of the company's stock valued at $371,388,000 after acquiring an additional 798,450 shares during the period. Ameriprise Financial Inc. increased its stake in Carnival by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 3,494,812 shares of the company's stock valued at $98,271,000 after acquiring an additional 433,964 shares during the period. Clough Capital Partners L P increased its stake in Carnival by 56.4% in the second quarter. Clough Capital Partners L P now owns 2,112,290 shares of the company's stock valued at $59,397,000 after acquiring an additional 761,432 shares during the period. Man Group plc boosted its position in Carnival by 47.9% in the second quarter. Man Group plc now owns 1,504,085 shares of the company's stock valued at $42,295,000 after buying an additional 487,240 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Carnival by 8.6% during the second quarter. Alliancebernstein L.P. now owns 1,359,200 shares of the company's stock worth $38,221,000 after buying an additional 107,388 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

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.