Brokers Offer Predictions for Carnival Co. & plc’s Q3 2024 Earnings (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) – Stock analysts at William Blair boosted their Q3 2024 earnings per share (EPS) estimates for shares of Carnival Co. & in a note issued to investors on Wednesday, September 25th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $1.16 for the quarter, up from their prior estimate of $1.15. 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 Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $1.23 EPS and FY2025 earnings at $1.50 EPS.

Several other analysts also recently commented on CCL. Stifel Nicolaus raised their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Argus raised their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Susquehanna restated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Morgan Stanley raised their target price on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Finally, Mizuho raised their target price on Carnival Co. & from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.63.

Carnival Co. & Stock Performance

Shares of CCL opened at $18.54 on Friday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The stock has a 50-day moving average of $16.59 and a 200-day moving average of $16.23. The company has a market cap of $20.81 billion, a PE ratio of 28.52 and a beta of 2.68. Carnival Co. & has a one year low of $10.84 and a one year high of $19.74.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently modified their holdings of the company. Continuum Advisory LLC lifted its position in shares of Carnival Co. & by 22.1% during the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after buying an additional 630 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after buying an additional 726 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after buying an additional 729 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after buying an additional 737 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in shares of Carnival Co. & by 6.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after buying an additional 764 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.