Carnival Co. & (CCL) Expected to Announce Quarterly Earnings on Friday

Carnival Co. & (NYSE:CCL) is projected to release its earnings data before the market opens on Friday, March 21st. Analysts expect Carnival Co. & to post earnings of $0.02 per share and revenue of $5.74 billion for the quarter. Carnival Co. & has set its Q1 2025 guidance at 0.000-0.000 EPS and its FY 2025 guidance at 1.700-1.700 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. On average, analysts expect Carnival Co. & to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carnival Co. & Trading Down 3.7 %

Shares of CCL opened at $20.12 on Wednesday. The firm has a market cap of $23.42 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a 50 day moving average price of $24.38 and a 200-day moving average price of $22.94.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCL shares. The Goldman Sachs Group upped their price target 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. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Loop Capital began coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective on the stock. Barclays boosted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.