Key Points
- Director sale: Sir Jonathon Band sold 11,988 Carnival shares on April 1 at an average price of $26.19 for $313,965.72, reducing his holding by 18.56% to 52,601 shares (≈$1.38M).
- Quarterly results and market reaction: Carnival beat Q1 estimates (EPS $0.20 vs $0.18; revenue $6.17B, +6.1% YoY) but the stock slid ~3.5% amid rising oil prices and mixed analyst notes, even as management's PROPEL plan targets >50% EPS growth by 2029.
Carnival Corporation (NYSE:CCL - Get Free Report) Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the sale, the director owned 52,601 shares of the company's stock, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Sir Jonathon Band also recently made the following trade(s):
- On Tuesday, March 31st, Sir Jonathon Band sold 12 shares of Carnival stock. The stock was sold at an average price of $24.98, for a total value of $299.76.
Carnival Trading Down 3.5%
CCL opened at $25.65 on Friday. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $34.03. The firm has a market capitalization of $31.78 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.16 and a beta of 2.48. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The firm's 50 day moving average is $28.72 and its 200-day moving average is $28.68.
Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company had revenue of $6.17 billion during the quarter, compared to analysts' expectations of $6.13 billion. During the same period in the prior year, the company posted $0.13 EPS. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have issued reports on CCL. Jefferies Financial Group upped their price objective on Carnival from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Monday, December 15th. TD Cowen reiterated a "buy" rating on shares of Carnival in a research report on Tuesday, January 13th. Wall Street Zen lowered Carnival from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Morgan Stanley raised shares of Carnival from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $33.00 to $31.00 in a research note on Thursday, March 19th. Finally, Citigroup decreased their target price on Carnival from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Monday. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Carnival has an average rating of "Moderate Buy" and an average price target of $34.17.
Get Our Latest Report on CCL
Institutional Investors Weigh In On Carnival
A number of institutional investors have recently bought and sold shares of CCL. BOCHK Asset Management Ltd acquired a new stake in shares of Carnival during the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new position in Carnival during the third quarter worth $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival during the fourth quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new position in Carnival during the second quarter valued at about $25,000. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Carnival by 381.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company's stock worth $29,000 after buying an additional 762 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Carnival
Here are the key news stories impacting Carnival this week:
- Positive Sentiment: Carnival reported Q1 results that topped estimates (non-GAAP EPS $0.20 vs. $0.18 consensus; revenue $6.17B, +6.1% YoY) and reiterated strong booking momentum — fundamental demand remains intact. CCL Q1 Deep Dive
- Positive Sentiment: Management’s PROPEL strategy targets >50% EPS growth by 2029, signaling meaningful upside if yield/pricing trends and cost actions execute as planned. Zacks PROPEL Analysis
- Neutral Sentiment: Some brokers remain constructive (Barclays recent Buy, HSBC upgrade) but other shop views/targets vary, leaving consensus mixed despite the beat. Barclays Buy HSBC Upgrade
- Negative Sentiment: Macro/energy: oil has bounced above $100/bbl amid Middle East tensions, renewing investor concerns over Carnival’s fuel exposure and limited hedging — this is the main near-term driver of the sell-off. 24/7 Wall St. Fuel Costs Story QuiverQuant Oil Analysis
- Negative Sentiment: Insider activity: director Sir Jonathon Band sold ~12,000 shares (early April filings), which can weigh on sentiment when combined with broader sector weakness. TipRanks Insider Sale
- Negative Sentiment: Analyst moves include some downward revisions and cautious notes (Bernstein hold/target cut, Wells Fargo trimmed/issued a lower target, Citigroup issued a pessimistic outlook) — these updates add pressure despite some buy ratings. Citigroup / Analyst Notes Wells Fargo PT
Carnival Company Profile
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Get Free Report)
Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company's core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.
Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.
Further Reading
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