Carnival Co. & (NYSE:CCL) Announces Earnings Results, Beats Estimates By $0.10 EPS

Carnival Co. & (NYSE:CCL) posted its quarterly earnings data on Monday. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10, Briefing.com reports. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis.

Carnival Co. & Stock Performance

CCL stock traded down $0.25 during trading on Wednesday, reaching $17.77. The stock had a trading volume of 9,280,639 shares, compared to its average volume of 29,965,258. The stock’s 50 day moving average is $16.57 and its two-hundred day moving average is $16.25. The firm has a market cap of $19.95 billion, a PE ratio of 27.72 and a beta of 2.69. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial upped their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Citigroup lifted their price target on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Mizuho upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Stifel Nicolaus raised their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.84.

About Carnival Co. &

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.