Carnival Co. & (NYSE:CCL) Releases Q4 Earnings Guidance

Carnival Co. & (NYSE:CCL) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.05 for the period, compared to the consensus earnings per share estimate of $0.07. Carnival Co. & also updated its FY 2024 guidance to 1.330-1.330 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CCL shares. Morgan Stanley upped their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an underweight rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an overweight rating in a report on Wednesday, July 24th. Bank of America lifted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a research report on Thursday, June 27th. Susquehanna restated a positive rating and set a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. Finally, Citigroup raised 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $22.84.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $18.02 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The firm has a fifty day simple moving average of $16.57 and a two-hundred day simple moving average of $16.25. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. 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 posted its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts forecast that Carnival Co. & will post 1.21 EPS for the current fiscal year.

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.