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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an overweight rating in a research note on Wednesday, July 24th. Bank of America lifted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a buy rating in a research note on Thursday, June 27th. Citigroup upped their target price on Carnival Co. & from $18.00 to $22.00 and gave the stock a buy rating in a research note on Wednesday, June 26th. Susquehanna reaffirmed a positive rating and set a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, Truist Financial increased their price target 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 investment 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. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $22.84.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $18.02 on Wednesday. The business’s 50 day moving average price is $16.57 and its 200-day moving average price is $16.25. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a market capitalization of $20.23 billion, a PE ratio of 27.72 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last released its 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 during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, equities research analysts expect that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

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.