Carnival (CCL) Expected to Announce Earnings on Tuesday

Carnival (NYSE:CCL - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Tuesday, June 24th. Analysts expect Carnival to post earnings of $0.23 per share and revenue of $6.20 billion for the quarter.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the business posted ($0.14) earnings per share. The firm's revenue was up 7.5% 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 Price Performance

CCL stock traded up $0.13 during midday trading on Friday, reaching $23.74. The company had a trading volume of 13,924,936 shares, compared to its average volume of 25,342,162. The firm has a 50-day moving average price of $21.33 and a 200-day moving average price of $22.88. The company has a market capitalization of $27.69 billion, a P/E ratio of 15.82, a P/E/G ratio of 0.55 and a beta of 2.58. Carnival has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.26 and a quick ratio of 0.21.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BNP Paribas started coverage on shares of Carnival in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective for the company. Barclays reissued an "overweight" rating and issued a $30.00 price target (up from $26.00) on shares of Carnival in a research note on Tuesday. Mizuho raised their price objective on Carnival from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Wall Street Zen raised Carnival from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, William Blair restated an "outperform" rating on shares of Carnival in a research report on Monday, March 10th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.79.

Institutional Investors Weigh In On Carnival

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Great Lakes Advisors LLC purchased a new position in shares of Carnival in the first quarter worth about $228,000. Empowered Funds LLC raised its holdings in 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 acquiring an additional 11,601 shares during the last quarter. Woodline Partners LP lifted its stake in Carnival by 41.9% in the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company's stock worth $1,729,000 after purchasing an additional 26,141 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company's stock worth $2,191,000 after purchasing an additional 5,435 shares during the last quarter. Institutional investors and hedge funds 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.