William Blair Analysts Raise Earnings Estimates for Carnival Co. & plc (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Analysts at William Blair boosted their FY2024 earnings per share estimates for shares of Carnival Co. & in a research note issued to investors on Monday, April 22nd. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $0.98 for the year, up from their prior estimate of $0.97. William Blair has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.02 per share. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.04 EPS and FY2026 earnings at $1.86 EPS.

Other analysts have also issued reports about the company. Mizuho started coverage on Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Macquarie increased their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Truist Financial lifted their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Tigress Financial upped their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.47.

Carnival Co. & Trading Up 1.1 %

Shares of Carnival Co. & stock opened at $15.18 on Wednesday. Carnival Co. & has a fifty-two week low of $8.70 and a fifty-two week high of $19.74. The business’s fifty day moving average is $15.57 and its two-hundred day moving average is $15.44. 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 firm has a market cap of $17.04 billion, a PE ratio of 58.38 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm posted ($0.55) earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Richardson Capital Management LLC bought a new position in Carnival Co. & during the 1st quarter valued at $26,000. Friedenthal Financial bought a new position in shares of Carnival Co. & during the fourth quarter worth about $28,000. Hanseatic Management Services Inc. acquired a new position in Carnival Co. & in the third quarter worth about $30,000. ICA Group Wealth Management LLC bought a new stake in Carnival Co. & in the fourth quarter valued at about $31,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is owned by corporate insiders.

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.