Research Analysts Offer Predictions for Carnival Co. & plc’s Q3 2024 Earnings (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Research analysts at William Blair increased their Q3 2024 earnings per share estimates for shares of Carnival Co. & in a research report issued on Tuesday, June 25th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $1.15 for the quarter, up from their prior estimate of $1.11. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.18 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.

Carnival Co. & (NYSE:CCL) last announced 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. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.20% and a net margin of 3.86%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.31) EPS.

Other research analysts have also issued research reports about the company. 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 report on Thursday, March 28th. Stifel Nicolaus reduced their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Barclays boosted their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Susquehanna reaffirmed a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.61.

Carnival Co. & Stock Up 3.1 %

NYSE CCL opened at $18.37 on Thursday. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The business’s fifty day simple moving average is $15.38 and its 200-day simple moving average is $16.10. The firm has a market cap of $20.62 billion, a PE ratio of 28.26 and a beta of 2.57.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Sunbelt Securities Inc. grew its holdings in Carnival Co. & by 4.1% in the third 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 last quarter. Parkside Financial Bank & Trust grew its holdings in Carnival Co. & by 10.4% in the fourth 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 last quarter. GAMMA Investing LLC grew its holdings in Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after purchasing an additional 726 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Carnival Co. & by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after purchasing an additional 729 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Carnival Co. & by 67.2% in the fourth 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 last quarter. Hedge funds and other 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.