FY2024 EPS Estimates for Carnival Co. & plc Lifted by Analyst (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Investment analysts at William Blair boosted their FY2024 earnings per share estimates for Carnival Co. & in a research report issued to clients and investors on Tuesday, June 25th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $1.18 for the year, up from their prior forecast of $0.98. William Blair 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 FY2026 earnings at $1.72 EPS.

Several other analysts also recently weighed in on CCL. Macquarie boosted their target price on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. UBS Group increased their price objective on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Mizuho assumed coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target for the company. Argus increased their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Susquehanna restated a “positive” rating and issued a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday. One research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.72 on Friday. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The firm has a market capitalization of $21.01 billion, a P/E ratio of 28.80 and a beta of 2.57. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.32. The company’s fifty day moving average price is $15.64 and its 200 day moving average price is $16.13.

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

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in Carnival Co. & by 35.1% in 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 in the last quarter. Acadian Asset Management LLC boosted its position in Carnival Co. & by 676.7% during the third quarter. Acadian Asset Management LLC now owns 11,402 shares of the company’s stock worth $156,000 after purchasing an additional 9,934 shares in the last quarter. LPL Financial LLC grew its holdings in Carnival Co. & by 16.5% in the third 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 last quarter. Stifel Financial Corp increased its position in shares of Carnival Co. & by 20.4% in the third quarter. Stifel Financial Corp now owns 828,846 shares of the company’s stock valued at $11,372,000 after buying an additional 140,258 shares in the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of Carnival Co. & by 35.8% during the 3rd quarter. Natixis Advisors L.P. now owns 41,260 shares of the company’s stock worth $566,000 after buying an additional 10,875 shares during the last quarter. Institutional investors and hedge funds 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.