Carnival Co. & plc (NYSE:CCL) Forecasted to Earn Q3 2024 Earnings of $1.15 Per Share

Carnival Co. & plc (NYSE:CCL) – Analysts at William Blair increased their Q3 2024 earnings per share estimates for Carnival Co. & in a note issued to investors on Tuesday, June 25th. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $1.15 per share for the quarter, up from their previous estimate of $1.11. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.19 per share. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.07 EPS and FY2025 earnings at $1.53 EPS.

CCL has been the topic of a number of other research reports. Argus increased their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group boosted their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Truist Financial decreased their price target on shares of Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, May 29th. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Macquarie upped their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $18.72 on Thursday. The company has a market cap of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. The business has a 50-day moving average price of $15.64 and a two-hundred day moving average price of $16.14. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the prior year, the business posted ($0.31) earnings per share. Carnival Co. &’s quarterly revenue was up 17.7% on a year-over-year basis.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Carnival Co. & by 35.1% during the third quarter. FMR LLC now owns 384,505 shares of the company’s stock valued at $5,275,000 after buying an additional 99,886 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Carnival Co. & by 676.7% during the 3rd quarter. Acadian Asset Management LLC now owns 11,402 shares of the company’s stock valued at $156,000 after purchasing an additional 9,934 shares during the period. LPL Financial LLC raised its position in shares of Carnival Co. & by 16.5% during the 3rd quarter. LPL Financial LLC now owns 837,694 shares of the company’s stock valued at $11,493,000 after purchasing an additional 118,408 shares during the period. Stifel Financial Corp increased its holdings in Carnival Co. & by 20.4% in the 3rd quarter. Stifel Financial Corp now owns 828,846 shares of the company’s stock valued at $11,372,000 after acquiring an additional 140,258 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new stake in Carnival Co. & in the 3rd quarter valued at $164,000. Institutional investors own 67.19% of the company’s stock.

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.