Carnival Co. & (NYSE:CCL) Updates Q2 Earnings Guidance

Carnival Co. & (NYSE:CCL) issued an update on its second quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.22 for the period, compared to the consensus estimate of $0.23. Carnival Co. & also updated its FY25 guidance to $1.83 EPS.

Carnival Co. & Trading Up 0.7 %

CCL opened at $21.21 on Friday. The stock has a market capitalization of $24.69 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.73 and a beta of 2.66. The firm’s fifty day simple moving average is $24.25 and its 200 day simple moving average is $22.91. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the business earned ($0.14) EPS. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CCL shares. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Loop Capital began coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.