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

Carnival Co. & (NYSE:CCL) released its earnings results on Monday. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10, Briefing.com reports. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS.

Carnival Co. & Trading Down 2.5 %

Shares of NYSE:CCL opened at $18.02 on Wednesday. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 27.72 and a beta of 2.68. The company’s fifty day simple moving average is $16.57 and its 200 day simple moving average is $16.25. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCL. Truist Financial boosted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Mizuho increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. raised their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Citigroup lifted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.84.

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.