Carnival Co. & (NYSE:CCL) Issues Earnings Results

Carnival Co. & (NYSE:CCL) posted its quarterly earnings data on Friday. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11, Briefing.com reports. The firm had revenue of $5.81 billion for 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 revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.14) EPS. Carnival Co. & updated its Q2 guidance to $0.22 EPS and its FY25 guidance to $1.83 EPS.

Carnival Co. & Trading Down 4.6 %

Shares of NYSE:CCL opened at $20.22 on Friday. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The business’s fifty day simple moving average is $24.25 and its 200-day simple moving average is $22.91. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $23.54 billion, a PE ratio of 14.39, a P/E/G ratio of 0.73 and a beta of 2.66.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CCL. Loop Capital assumed coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Finally, Truist Financial lifted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Company Profile

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.