William Blair Weighs in on Carnival's Q3 Earnings (NYSE:CCL)

Carnival Corporation (NYSE:CCL - Free Report) - Investment analysts at William Blair cut their Q3 2025 earnings per share estimates for Carnival in a research note issued on Tuesday, June 24th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $1.31 for the quarter, down from their previous estimate of $1.39. William Blair has a "Outperform" rating on the stock. The consensus estimate for Carnival's current full-year earnings is $1.77 per share. William Blair also issued estimates for Carnival's FY2026 earnings at $2.22 EPS.

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

Other equities research analysts also recently issued research reports about the company. Hsbc Global Res upgraded Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Bank of America boosted their price objective on Carnival from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley boosted their target price on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday. Susquehanna upped their price objective on Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a report on Wednesday. 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. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $28.53.

Carnival Price Performance

NYSE:CCL opened at $27.31 on Friday. Carnival has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a quick ratio of 0.21, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $31.86 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.60 and a beta of 2.58. The stock's fifty day moving average is $22.24 and its two-hundred day moving average is $22.82.

Hedge Funds Weigh In On Carnival

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Causeway Capital Management LLC bought a new stake in Carnival during the first quarter worth approximately $518,816,000. Nuveen LLC purchased a new stake in shares of Carnival in the 1st quarter valued at approximately $432,718,000. FMR LLC lifted its position in shares of Carnival by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after acquiring an additional 6,444,444 shares in the last quarter. 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 valued at $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Carnival by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

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.

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