Q4 2024 EPS Estimates for Carnival Co. & plc (NYSE:CCL) Lowered by William Blair

Carnival Co. & plc (NYSE:CCL) – Research analysts at William Blair cut their Q4 2024 EPS estimates for Carnival Co. & in a note issued to investors on Monday, September 30th. William Blair analyst S. Zackfia now anticipates that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.11. 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 FY2025 earnings at $1.64 EPS.

Several other equities research analysts have also recently issued reports on CCL. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Argus boosted their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Barclays boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citigroup boosted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $22.97.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $18.02 on Thursday. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 27.72 and a beta of 2.69. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The firm has a 50-day moving average of $16.58 and a two-hundred day moving average of $16.29.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping 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 company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after acquiring an additional 3,741 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after acquiring an additional 103,501 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Carnival Co. & by 38.3% during the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after acquiring an additional 11,276 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Carnival Co. & by 114.8% during the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after acquiring an additional 95,828 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Carnival Co. & by 2.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after acquiring an additional 14,569 shares in the last quarter. 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.