Carnival (CCL) Projected to Post Quarterly Earnings on Tuesday

Carnival (NYSE:CCL) is anticipated to announce its Q2 2025 earnings results before the market opens on Tuesday, June 24th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $6.20 billion for the quarter.

Carnival (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the business posted ($0.14) EPS. The company’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect Carnival to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carnival Trading Up 0.6%

Shares of CCL stock opened at $23.76 on Friday. The business’s 50 day moving average is $21.45 and its two-hundred day moving average is $22.83. Carnival has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a market capitalization of $27.72 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 0.55 and a beta of 2.58. The company has a current ratio of 0.26, a quick ratio of 0.21 and a debt-to-equity ratio of 2.78.

Wall Street Analyst Weigh In

CCL has been the topic of several analyst reports. Citigroup lifted their target price on Carnival from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, June 5th. Northcoast Research initiated coverage on Carnival in a research note on Friday, April 25th. They issued a “neutral” rating on the stock. BNP Paribas began coverage on Carnival in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Barclays reissued an “overweight” rating and issued a $30.00 price target (up from $26.00) on shares of Carnival in a report on Tuesday, June 17th. Finally, HSBC raised Carnival from a “reduce” rating to a “hold” rating and set a $24.00 price target for the company in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.79.

Institutional Investors Weigh In On Carnival

Institutional investors have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC purchased a new stake in Carnival during the first quarter valued at about $228,000. Empowered Funds LLC lifted its stake in shares of Carnival by 61.6% during the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock worth $594,000 after purchasing an additional 11,601 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Carnival by 41.9% during the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock worth $1,729,000 after purchasing an additional 26,141 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Carnival by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock worth $2,191,000 after purchasing an additional 5,435 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.