Weiss Ratings Reiterates Hold (C+) Rating for Carnival (NYSE:CUK)

Key Points

• Weiss Ratings has reiterated a Hold (C+) rating for Carnival (NYSE:CUK) in a recent research note.
• Carnival's stock traded at $26.50, with a recent earnings report showing EPS of $1.43, exceeding expectations of $1.32.
• Insider trading activity included Director Sir Jonathon Band selling 12,500 shares at $29.75, decreasing his ownership by 16.25%.

Carnival (NYSE:CUK - Get Free Report)'s stock had its "hold (c+)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Carnival Stock Performance

Shares of Carnival stock traded up $0.28 during trading hours on Wednesday, hitting $26.50. 1,838,031 shares of the company's stock traded hands, compared to its average volume of 2,088,883. The company has a fifty day simple moving average of $27.73 and a 200-day simple moving average of $23.31. Carnival has a 12-month low of $13.65 and a 12-month high of $29.80. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 13.80 and a beta of 2.75. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CUK - Get Free Report) last posted its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.11. The business had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.11 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS. Equities research analysts anticipate that Carnival will post 1.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 12,500 shares of the business'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 transaction of $371,875.00. Following the transaction, the director directly owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Carnival in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in Carnival by 188.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company's stock valued at $28,000 after buying an additional 729 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Carnival by 70.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,671 shares of the company's stock valued at $43,000 after buying an additional 688 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of Carnival in the 2nd quarter valued at approximately $44,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Carnival by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,717 shares of the company's stock valued at $44,000 after purchasing an additional 459 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

About Carnival

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.