Carnival Co. & (NYSE:CCL – Get Free Report) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.15 for the period, compared to the consensus estimate of $1.11. Carnival Co. & also updated its FY 2024 guidance to 1.180-1.180 EPS.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. The Goldman Sachs Group initiated coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a buy rating and a $20.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research note on Wednesday. Tigress Financial upped their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. Stifel Nicolaus decreased their target price on Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a research note on Thursday, March 28th. Finally, Truist Financial decreased their target price on Carnival Co. & from $18.00 to $17.00 and set a hold rating for the company in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $21.61.
View Our Latest Research Report on Carnival Co. &
Carnival Co. & Trading Up 3.1 %
Carnival Co. & (NYSE:CCL – Get Free Report) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.20% and a net margin of 3.86%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period last year, the firm posted ($0.31) EPS. The business’s revenue was up 17.7% on a year-over-year basis. Analysts expect that Carnival Co. & will post 1.18 EPS for the current fiscal year.
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.
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