Carnival Co. & (NYSE:CCL) Updates Q3 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.150-1.150 for the period, compared to the consensus earnings per share estimate of 1.100. The company issued revenue guidance of -. Carnival Co. & also updated its FY 2024 guidance to 1.180-1.180 EPS.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. William Blair reissued an outperform rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Tigress Financial raised their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Mizuho started coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They set a buy rating and a $21.00 target price for the company. Finally, UBS Group raised their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the company a buy rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has an average rating of Moderate Buy and a consensus price target of $22.00.

Carnival Co. & Price Performance

CCL stock opened at $18.60 on Friday. The company has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $16.12. The firm has a market capitalization of $20.88 billion, a P/E ratio of 28.62 and a beta of 2.57. The company has a quick ratio of 0.32, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL) last released its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business earned ($0.31) EPS. Analysts anticipate that Carnival Co. & will post 1.19 earnings per share 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.