FY2025 Earnings Estimate for Carnival Co. & plc (NYSE:CCL) Issued By William Blair

Carnival Co. & plc (NYSE:CCL - Free Report) - Investment analysts at William Blair upped their FY2025 earnings estimates for Carnival Co. & in a research report issued to clients and investors on Monday, April 22nd. William Blair analyst S. Zackfia now forecasts that the company will earn $1.62 per share for the year, up from their previous forecast of $1.58. William Blair has a "Outperform" rating on the stock. The consensus estimate for Carnival Co. &'s current full-year earnings is $1.01 per share.

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

Several other analysts also recently commented on CCL. Susquehanna lowered their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a "positive" rating for the company in a report on Monday, March 25th. Barclays increased their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Mizuho began coverage on shares of Carnival Co. & in a report on Tuesday, March 26th. They issued a "buy" rating and a $21.00 target price for the company. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group began coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They set a "buy" rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $21.47.

Carnival Co. & Stock Up 3.6 %

Shares of Carnival Co. & stock traded up $0.51 during trading hours on Tuesday, reaching $14.79. The company's stock had a trading volume of 25,345,869 shares, compared to its average volume of 31,985,047. The stock's fifty day simple moving average is $15.59 and its two-hundred day simple moving average is $15.43. The company has a market capitalization of $16.60 billion, a P/E ratio of 56.88 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. Carnival Co. & has a one year low of $8.70 and a one year high of $19.74.

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares of the company's stock, valued at $2,797,047.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCL. CWM LLC increased its position in Carnival Co. & by 11.2% during the 3rd quarter. CWM LLC now owns 30,861 shares of the company's stock valued at $423,000 after purchasing an additional 3,101 shares during the period. Moody National Bank Trust Division purchased a new position in Carnival Co. & during the 3rd quarter valued at $152,000. IFP Advisors Inc increased its position in Carnival Co. & by 137.2% during the 3rd quarter. IFP Advisors Inc now owns 38,516 shares of the company's stock valued at $528,000 after purchasing an additional 22,275 shares during the period. DnB Asset Management AS boosted its holdings in shares of Carnival Co. & by 5.1% during the 3rd quarter. DnB Asset Management AS now owns 162,089 shares of the company's stock valued at $2,224,000 after buying an additional 7,884 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Carnival Co. & by 36.6% during the 3rd quarter. HB Wealth Management LLC now owns 25,305 shares of the company's stock valued at $347,000 after buying an additional 6,784 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival Co. &

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.