William Blair Has Positive View of Carnival FY2025 Earnings

Carnival Corporation (NYSE:CCL - Free Report) - Investment analysts at William Blair upped their FY2025 EPS estimates for Carnival in a research note issued to investors on Tuesday, June 24th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $1.97 for the year, up from their previous estimate of $1.95. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Carnival's current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival's Q4 2025 earnings at $0.19 EPS.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 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 last year, the firm posted $0.11 earnings per share. The business's revenue for the quarter was up 9.5% compared to the same quarter last year.

Several other research analysts have also commented on the stock. Citigroup reissued a "hold" rating on shares of Carnival in a research note on Monday, June 23rd. BNP Paribas assumed coverage on shares of Carnival in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Susquehanna raised their price objective on shares of Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday. Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Macquarie decreased their price objective on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.53.

Carnival Stock Up 4.4%

Shares of NYSE CCL traded up $1.14 during midday trading on Thursday, hitting $27.31. The company's stock had a trading volume of 46,820,661 shares, compared to its average volume of 25,179,018. The business's fifty day simple moving average is $22.24 and its two-hundred day simple moving average is $22.80. 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 1 year low of $13.78 and a 1 year high of $28.72. The firm has a market capitalization of $31.89 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.60 and a beta of 2.58.

Institutional Investors Weigh In On Carnival

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Carnival by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company's stock worth $2,333,947,000 after acquiring an additional 2,410,188 shares in the last quarter. Causeway Capital Management LLC acquired a new stake in Carnival during the 1st quarter worth $518,816,000. Geode Capital Management LLC raised its stake in Carnival by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after acquiring an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Carnival by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Carnival during the 1st quarter worth $432,718,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival

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.