Carnival Co. & (NYSE:CCL) Posts Earnings Results, Beats Expectations By $0.11 EPS

Carnival Co. & (NYSE:CCL) issued its quarterly earnings results on Friday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11, Briefing.com reports. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS.

Carnival Co. & Trading Down 4.7 %

Shares of Carnival Co. & stock traded down $1.00 during trading on Friday, reaching $20.20. 8,059,288 shares of the company were exchanged, compared to its average volume of 26,163,209. The business has a 50-day moving average price of $24.25 and a 200-day moving average price of $22.91. The firm has a market capitalization of $23.52 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72.

Analyst Ratings Changes

Several equities analysts have weighed in on CCL shares. Citigroup raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Sanford C. Bernstein initiated coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.89.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.