Carnival Co. & (NYSE:CCL) Issues Earnings Results

Carnival Co. & (NYSE:CCL) announced its quarterly earnings results on Friday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06, Briefing.com reports. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) earnings per share. Carnival Co. & updated its Q1 2025 guidance to 0.000-0.000 EPS and its FY 2025 guidance to 1.700-1.700 EPS.

Carnival Co. & Trading Up 6.4 %

CCL opened at $26.80 on Friday. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a market capitalization of $30.93 billion, a PE ratio of 23.93 and a beta of 2.67. The firm’s fifty day moving average price is $24.03 and its 200 day moving average price is $19.51.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein began 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 lifted their target price 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. Macquarie increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Barclays raised their price objective on Carnival Co. & from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.62.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by company insiders.

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.