Q2 2024 EPS Estimates for Carnival Co. & plc Decreased by Zacks Research (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Zacks Research lowered their Q2 2024 earnings estimates for Carnival Co. & in a research note issued on Wednesday, April 10th. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings per share of ($0.03) for the quarter, down from their prior forecast of $0.02. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.01 per share. Zacks Research also issued estimates for Carnival Co. &’s Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at $0.07 EPS and Q1 2026 earnings at $0.41 EPS.

CCL has been the subject of a number of other reports. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Tuesday, March 19th. Citigroup increased their target price on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective for the company. Argus dropped their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Finally, Barclays raised their price objective on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Trading Down 2.1 %

Shares of Carnival Co. & stock opened at $14.06 on Monday. Carnival Co. & has a 12-month low of $8.70 and a 12-month high of $19.74. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The stock has a market cap of $15.78 billion, a PE ratio of 54.08 and a beta of 2.54. The company has a 50-day moving average of $15.74 and a two-hundred day moving average of $15.40.

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

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 34,020 shares of Carnival Co. & stock in a transaction on Friday, January 19th. The shares were sold at an average price of $17.05, for a total value of $580,041.00. Following the transaction, the chief financial officer now owns 335,976 shares in the company, valued at approximately $5,728,390.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the business. Friedenthal Financial acquired a new position in shares of Carnival Co. & during the 4th quarter valued at $28,000. Pacific Center for Financial Services acquired a new position in shares of Carnival Co. & during the 1st quarter valued at $29,000. Hanseatic Management Services Inc. acquired a new position in shares of Carnival Co. & during the 3rd quarter valued at $30,000. ICA Group Wealth Management LLC purchased a new stake in Carnival Co. & during the 4th quarter worth $31,000. Finally, Farther Finance Advisors LLC increased its stake in Carnival Co. & by 59.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock worth $34,000 after buying an additional 669 shares during the period. 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.