Carnival Corporation (NYSE:CUK - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.80 and last traded at $29.45, with a volume of 1581211 shares. The stock had previously closed at $28.58.
Carnival Price Performance
The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The stock's fifty day moving average is $27.53 and its 200-day moving average is $22.20. The stock has a market cap of $5.57 billion, a PE ratio of 15.97 and a beta of 2.76.
Carnival (NYSE:CUK - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.21 billion. Carnival has set its Q3 2025 guidance at 1.300-1.300 EPS. FY 2025 guidance at 1.970-1.970 EPS. As a group, equities analysts anticipate that Carnival Corporation will post 1.7 EPS for the current year.
Insider Activity
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 completion of the sale, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Aristeia Capital L.L.C. boosted its stake in Carnival by 2.2% during the first quarter. Aristeia Capital L.L.C. now owns 12,393,075 shares of the company's stock worth $217,251,000 after buying an additional 262,590 shares during the period. Norges Bank purchased a new position in Carnival during the second quarter worth about $152,130,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Carnival by 35.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,426,923 shares of the company's stock worth $61,911,000 after purchasing an additional 628,995 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Carnival by 417.0% during the second quarter. Bank of Montreal Can now owns 1,611,280 shares of the company's stock worth $41,104,000 after purchasing an additional 1,299,639 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Carnival by 15.3% during the first quarter. Millennium Management LLC now owns 1,138,520 shares of the company's stock worth $19,958,000 after purchasing an additional 151,439 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.
Carnival Company Profile
(
Get Free Report)
Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.
Further Reading
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