Q4 2024 Earnings Forecast for Carnival Co. & plc (NYSE:CCL) Issued By William Blair

Carnival Co. & plc (NYSE:CCL) – Research analysts at William Blair reduced their Q4 2024 earnings per share (EPS) estimates for Carnival Co. & in a report issued on Wednesday, March 27th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.03 for the quarter, down from their previous estimate of $0.07. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $0.99 per share. William Blair also issued estimates for Carnival Co. &’s FY2025 earnings at $1.58 EPS.

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

Several other brokerages have also commented on CCL. The Goldman Sachs Group assumed coverage on Carnival Co. & in a research report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective for the company. Barclays lifted their price target on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price target on Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, Mizuho assumed coverage on Carnival Co. & in a research report on Tuesday. They issued a “buy” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.42.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $16.34 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.41 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $18.29 billion, a P/E ratio of 62.85 and a beta of 2.54. The business has a fifty day simple moving average of $16.04 and a two-hundred day simple moving average of $15.34. Carnival Co. & has a 12 month low of $8.70 and a 12 month 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 dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in shares of Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after purchasing an additional 601 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Carnival Co. & by 59.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after purchasing an additional 669 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Carnival Co. & by 10.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock valued at $136,000 after purchasing an additional 689 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 739 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after acquiring an additional 800 shares during the period. 67.19% of the stock is currently owned by institutional investors.

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.