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

Carnival Co. & plc (NYSE:CCL) – Equities research analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Carnival Co. & in a report issued on Monday, September 30th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $1.28 per share for the year, up from their previous estimate of $1.23. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.21 per share. William Blair also issued estimates for Carnival Co. &’s FY2026 earnings at $1.91 EPS.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS.

CCL has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Argus boosted their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Mizuho raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued 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 target price of $22.84.

Carnival Co. & Stock Down 2.5 %

CCL stock opened at $18.02 on Wednesday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The stock has a market capitalization of $20.23 billion, a P/E ratio of 27.72 and a beta of 2.68. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The business has a 50-day moving average of $16.57 and a 200-day moving average of $16.25.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently added to or reduced their stakes in the stock. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter valued at $26,000. Family Firm Inc. bought a new stake in Carnival Co. & during the second quarter worth about $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & during the second quarter worth about $30,000. ICA Group Wealth Management LLC bought a new position in Carnival Co. & in the 4th quarter valued at about $31,000. Finally, BNP Paribas acquired a new position in shares of Carnival Co. & in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.