Carnival Co. & (NYSE:CCL) Releases FY 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.330-1.330 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of -. Carnival Co. & also updated its Q4 guidance to $0.05 EPS.

Carnival Co. & Stock Down 2.5 %

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

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. Sell-side analysts expect that Carnival Co. & will post 1.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a research report on Thursday, June 27th. Argus increased their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a buy rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research report on Wednesday, June 26th. Citigroup raised their price objective on Carnival Co. & from $18.00 to $22.00 and gave the company a buy rating in a research report on Wednesday, June 26th. Finally, Truist Financial boosted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a hold rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average 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.