Carnival (NYSE:CUK) Shares Gap Up on Better-Than-Expected Earnings

Carnival Corporation (NYSE:CUK)’s share price gapped up prior to trading on Monday following a stronger than expected earnings report. The stock had previously closed at $27.66, but opened at $29.27. Carnival shares last traded at $26.89, with a volume of 2,347,191 shares traded.

The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.11 billion. Carnival has set its FY 2025 guidance at 2.140-2.140 EPS. Q4 2025 guidance at 0.230-0.230 EPS.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carnival

A number of institutional investors and hedge funds have recently made changes to their positions in CUK. Raymond James Financial Inc. purchased a new stake in shares of Carnival in the 2nd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in Carnival by 188.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock valued at $28,000 after buying an additional 729 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Carnival by 70.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,671 shares of the company’s stock valued at $43,000 after buying an additional 688 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Carnival during the 2nd quarter worth about $44,000. Finally, Osaic Holdings Inc. boosted its position in shares of Carnival by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,717 shares of the company’s stock worth $44,000 after acquiring an additional 459 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Carnival Trading Down 3.8%

The business has a fifty day moving average price of $27.86 and a 200 day moving average price of $23.00. The firm has a market cap of $5.02 billion, a PE ratio of 14.38 and a beta of 2.76. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58.

Carnival Company Profile

Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.