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

Carnival Co. & (NYSE:CCL) issued its quarterly earnings results 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 firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the business earned $0.86 earnings per share. Carnival Co. &’s revenue for the quarter was up 15.2% compared to the same quarter last year.

Carnival Co. & Stock Down 2.5 %

CCL stock opened at $18.02 on Wednesday. The company has a 50 day moving average of $16.57 and a two-hundred day moving average of $16.25. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 27.72 and a beta of 2.69. 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 Analysts Forecast Growth

A number of research firms recently commented on CCL. Barclays boosted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup increased their price objective on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Bank of America lifted their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Truist Financial upped their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus lifted their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price 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.