Carnival Co. & plc (NYSE:CCL) Expected to Post FY2024 Earnings of $0.98 Per Share

Carnival Co. & plc (NYSE:CCL) – Analysts at William Blair boosted their FY2024 EPS estimates for Carnival Co. & in a note issued to investors on Monday, April 22nd. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.98 for the year, up from their previous forecast of $0.97. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Carnival Co. &’s current full-year earnings is $1.01 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.

Several other research firms have also recently commented on CCL. Argus lowered their price target on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Stifel Nicolaus dropped their target price on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a report on Friday, January 5th. Finally, Tigress Financial boosted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

Carnival Co. & Trading Up 3.6 %

NYSE:CCL opened at $14.79 on Wednesday. The stock has a market cap of $16.60 billion, a PE ratio of 56.88 and a beta of 2.54. Carnival Co. & has a fifty-two week low of $8.70 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The stock’s 50-day moving average is $15.58 and its two-hundred day moving average is $15.44.

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

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its position in shares of Carnival Co. & by 7.0% during the first quarter. Fifth Third Bancorp now owns 54,720 shares of the company’s stock valued at $894,000 after buying an additional 3,563 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in Carnival Co. & in the 1st quarter valued at approximately $951,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Carnival Co. & by 1.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 373,594 shares of the company’s stock worth $6,105,000 after acquiring an additional 4,027 shares during the period. PFG Investments LLC acquired a new stake in shares of Carnival Co. & during the 1st quarter worth approximately $376,000. Finally, New Century Financial Group LLC bought a new stake in shares of Carnival Co. & during the first quarter valued at approximately $1,076,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.00% 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.