Q3 2024 Earnings Forecast for Carnival Co. & plc (NYSE:CCL) Issued By William Blair

Carnival Co. & plc (NYSE:CCL) – Equities researchers at William Blair boosted their Q3 2024 earnings per share (EPS) estimates for Carnival Co. & in a research report issued on Tuesday, June 25th. William Blair analyst S. Zackfia now expects that the company will post earnings of $1.15 per share for the quarter, up from their previous forecast 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.

CCL has been the topic of several other research reports. Susquehanna reaffirmed a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. UBS Group increased their target price on Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Carnival Co. & Stock Performance

NYSE:CCL opened at $18.60 on Thursday. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 28.34 and a beta of 2.57. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The business has a 50 day moving average of $15.46 and a 200 day moving average of $16.12. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.20%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. Keynote Financial Services LLC purchased a new stake in Carnival Co. & during the first quarter valued at approximately $349,000. EverSource Wealth Advisors LLC increased its holdings in Carnival Co. & by 5,317.9% during the first quarter. EverSource Wealth Advisors LLC now owns 112,259 shares of the company’s stock valued at $1,834,000 after buying an additional 110,187 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after buying an additional 103,501 shares during the last quarter. Tactive Advisors LLC purchased a new stake in Carnival Co. & during the first quarter valued at approximately $232,000. Finally, Goldentree Asset Management LP purchased a new stake in Carnival Co. & during the first quarter valued at approximately $31,917,000. 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.