Carnival Corporation (NYSE:CCL - Free Report) - Equities research analysts at Zacks Research lifted their FY2026 earnings per share estimates for shares of Carnival in a report released on Monday, July 21st. Zacks Research analyst M. Kaushik now anticipates that the company will earn $1.93 per share for the year, up from their prior forecast of $1.92. The consensus estimate for Carnival's current full-year earnings is $1.77 per share.
Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The company 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 firm posted $0.11 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis.
Other analysts have also issued research reports about the company. HSBC upgraded Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a report on Friday, May 16th. Susquehanna upped their price objective on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Northcoast Research assumed coverage on Carnival in a report on Friday, April 25th. They issued a "neutral" rating for the company. Truist Financial upped their price objective on Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a report on Monday, July 21st. Finally, Barclays upped their target price on Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Carnival presently has a consensus rating of "Moderate Buy" and an average target price of $30.35.
Get Our Latest Stock Analysis on CCL
Carnival Stock Performance
CCL stock traded down $0.03 during trading on Thursday, reaching $29.75. 13,057,685 shares of the company's stock were exchanged, compared to its average volume of 22,977,866. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival has a 1-year low of $13.78 and a 1-year high of $31.01. The company's fifty day moving average price is $26.02 and its 200-day moving average price is $23.39. The firm has a market cap of $34.73 billion, a PE ratio of 16.08, a P/E/G ratio of 0.67 and a beta of 2.61.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CCL. Vanguard Group Inc. boosted 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 valued at $2,333,947,000 after purchasing an additional 2,410,188 shares during the period. Causeway Capital Management LLC bought a new stake in shares of Carnival in the 1st quarter worth approximately $518,816,000. Geode Capital Management LLC lifted its position in shares of Carnival by 5.0% in 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 during the period. Nuveen Asset Management LLC lifted its position in shares of Carnival by 33.7% in 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 during the period. Finally, Nuveen LLC bought a new stake in shares of Carnival in the 1st quarter worth approximately $432,718,000. Institutional investors and hedge funds own 67.19% of the company's stock.
About Carnival
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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.
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