Carnival Co. & (NYSE:CCL) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Carnival Co. & (NYSE:CCL) issued its quarterly earnings data on Monday. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10, Briefing.com reports. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share.

Carnival Co. & Stock Performance

NYSE CCL opened at $18.02 on Wednesday. The stock has a market cap of $20.23 billion, a PE ratio of 27.72 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The firm has a 50-day moving average of $16.57 and a 200-day moving average of $16.25. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Mizuho boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup lifted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Stifel Nicolaus boosted their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Bank of America lifted their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Morgan Stanley lifted their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.84.

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.