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 %

NYSE:CCL opened at $21.21 on Friday. The company has a market cap of $24.69 billion, a PE ratio of 15.26, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72. The business’s 50 day moving average is $24.25 and its two-hundred day moving average is $22.91. 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. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts predict that Carnival Co. & will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital assumed coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 14th. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.