Q4 2024 Earnings Forecast for Carnival Co. & plc (NYSE:CCL) Issued By William Blair

Carnival Co. & plc (NYSE:CCL) – Equities researchers at William Blair lowered their Q4 2024 earnings per share (EPS) estimates for shares of Carnival Co. & in a research report issued on Wednesday, March 27th. William Blair analyst S. Zackfia now anticipates that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.07. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $0.99 per share. William Blair also issued estimates for Carnival Co. &’s FY2025 earnings at $1.58 EPS.

A number of other equities research analysts have also recently commented on the company. Citigroup increased their price target on Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Macquarie increased their price target on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday. Truist Financial increased their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Barclays raised their price objective on Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.

Carnival Co. & Trading Down 4.9 %

Carnival Co. & stock opened at $16.34 on Friday. The stock has a 50-day moving average of $16.04 and a two-hundred day moving average of $15.34. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.41 and a current ratio of 0.36. Carnival Co. & has a one year low of $8.70 and a one year high of $19.74. The stock has a market cap of $18.29 billion, a PE ratio of 62.85 and a beta of 2.54.

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

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was 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 directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Institutional Trading of Carnival Co. &

Several institutional investors have recently bought and sold shares of CCL. Vanguard Group Inc. grew its holdings in Carnival Co. & by 19.5% in the third quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock valued at $768,036,000 after purchasing an additional 17,815,226 shares during the period. Nuveen Asset Management LLC grew its holdings in Carnival Co. & by 177.5% in the second quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company’s stock valued at $153,142,000 after purchasing an additional 5,201,843 shares during the period. Point72 Asset Management L.P. grew its holdings in Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after purchasing an additional 2,638,564 shares during the period. Two Sigma Advisers LP grew its holdings in Carnival Co. & by 27.6% in the first quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company’s stock valued at $113,658,000 after purchasing an additional 2,423,700 shares during the period. Finally, Norges Bank acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $40,236,000. 67.19% of the stock is owned by institutional investors and hedge funds.

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.