FY2025 EPS Estimates for Carnival Lifted by William Blair

Key Points

• William Blair has raised Carnival Corporation's FY2025 earnings per share estimate from $1.97 to $2.00, exceeding the consensus estimate of $1.77.
• Carnival reported a quarterly earnings of $0.35 per share for its last quarter, beating estimates of $0.24, with revenue reaching $6.33 billion.
• Multiple analysts have increased their target prices for Carnival, with the consensus now at $31.63 and a majority rating it as a "Buy".

Carnival Corporation (NYSE:CCL - Free Report) - William Blair lifted their FY2025 earnings estimates for Carnival in a research report issued to clients and investors on Wednesday, September 17th. William Blair analyst S. Zackfia now expects that the company will earn $2.00 per share for the year, up from their previous forecast of $1.97. 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 $0.21 EPS.

A number of other research firms also recently issued reports on CCL. Bank of America increased their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. TD Cowen initiated coverage on shares of Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price target on the stock. Loop Capital restated a "hold" rating and set a $22.00 price target on shares of Carnival in a report on Monday, June 23rd. Stifel Nicolaus raised their price target on shares of Carnival from $34.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Susquehanna raised their price target on shares of Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Carnival presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.84.

Carnival Trading Up 1.2%

Shares of NYSE:CCL traded up $0.38 during mid-day trading on Friday, hitting $31.09. The stock had a trading volume of 10,975,021 shares, compared to its average volume of 22,891,223. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The company has a market cap of $36.29 billion, a PE ratio of 16.81, a P/E/G ratio of 0.68 and a beta of 2.70. Carnival has a 12-month low of $15.07 and a 12-month high of $32.80. The company's 50 day moving average is $30.43 and its 200-day moving average is $24.94.

Carnival (NYSE:CCL - Get Free Report) last posted 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. The business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business's revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares of the company's stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carnival

Hedge funds have recently bought and sold shares of the stock. N.E.W. Advisory Services LLC purchased a new position in Carnival during the first quarter worth $25,000. Evolution Wealth Management Inc. purchased a new position in Carnival during the second quarter worth $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Carnival during the second quarter worth $28,000. Finally, Orion Capital Management LLC purchased a new position in Carnival during the fourth quarter worth $30,000. Hedge funds and other 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.