Q3 2024 Earnings Forecast for Carnival Co. & plc Issued By Zacks Research (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL - Free Report) - Research analysts at Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for Carnival Co. & in a research note issued to investors on Wednesday, April 10th. Zacks Research analyst M. Kaushik now expects that the company will earn $1.08 per share for the quarter, up from their prior forecast of $0.98. The consensus estimate for Carnival Co. &'s current full-year earnings is $1.01 per share. Zacks Research also issued estimates for Carnival Co. &'s Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.98 EPS, Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $1.32 EPS and FY2026 earnings at $1.52 EPS.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the business posted ($0.55) earnings per share. The company's revenue for the quarter was up 22.0% on a year-over-year basis.

Several other equities research analysts also recently weighed in on CCL. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. Mizuho began coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a "buy" rating and a $21.00 price objective on the stock. Citigroup raised their price objective on Carnival Co. & from $19.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 20th. Truist Financial raised their price objective on Carnival Co. & from $15.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus reduced their price objective on Carnival Co. & from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.47.

Carnival Co. & Trading Down 4.1 %

Shares of NYSE CCL traded down $0.61 during midday trading on Friday, hitting $14.36. The company's stock had a trading volume of 33,582,568 shares, compared to its average volume of 32,562,375. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The business's 50 day moving average is $15.82 and its two-hundred day moving average is $15.38. Carnival Co. & has a 12-month low of $8.70 and a 12-month high of $19.74. The firm has a market cap of $16.12 billion, a P/E ratio of 54.88 and a beta of 2.54.

Institutional Trading of Carnival Co. &

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCL. American Century Companies Inc. raised its stake in shares of Carnival Co. & by 13.3% during the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company's stock valued at $667,000 after buying an additional 3,869 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Carnival Co. & by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company's stock valued at $2,188,000 after buying an additional 7,248 shares during the last quarter. Yousif Capital Management LLC raised its stake in shares of Carnival Co. & by 3.4% during the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company's stock valued at $2,787,000 after buying an additional 4,536 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carnival Co. & by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company's stock valued at $95,697,000 after buying an additional 93,169 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of Carnival Co. & by 25.5% during the 1st quarter. Aviva PLC now owns 152,741 shares of the company's stock valued at $3,088,000 after buying an additional 31,037 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Insider Transactions at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.00% of the company's stock.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.