Carnival Co. & (NYSE:CCL) Updates FY 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.180-1.180 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of -. Carnival Co. & also updated its FY24 guidance to $1.18 EPS.

Carnival Co. & Stock Up 1.3 %

Shares of NYSE:CCL opened at $18.60 on Friday. The company’s fifty day moving average is $15.46 and its two-hundred day moving average is $16.12. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.32 and a current ratio of 0.28. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The stock has a market capitalization of $20.88 billion, a price-to-earnings ratio of 28.62 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that Carnival Co. & will post 1.19 EPS for the current year.

Analyst Ratings Changes

CCL has been the subject of a number of research reports. The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They set a buy rating and a $20.00 price target for the company. Macquarie upped their price target on Carnival Co. & from $22.00 to $24.00 and gave the company an outperform rating in a report on Thursday, March 28th. Susquehanna reiterated a positive rating and issued a $22.00 target price on shares of Carnival Co. & in a report on Wednesday. Barclays increased their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an overweight rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating on the stock in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of Moderate Buy and a consensus price target of $22.00.

Carnival Co. & Company Profile

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.