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 EPS guidance of $0.05 for the period, compared to the consensus EPS estimate of $0.07.

Carnival Co. & Price Performance

CCL stock opened at $17.51 on Monday. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74. The stock has a 50-day simple moving average of $16.59 and a 200-day simple moving average of $16.23. The firm has a market cap of $19.65 billion, a P/E ratio of 28.52 and a beta of 2.68.

Analysts Set New Price Targets

A number of brokerages have commented on CCL. Truist Financial boosted their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a hold rating in a report on Tuesday, July 23rd. Susquehanna reiterated a positive rating and set a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Mizuho boosted their target price on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock an outperform rating in a research report on Thursday, September 19th. Bank of America boosted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a buy rating in a report on Thursday, June 27th. Finally, Stifel Nicolaus boosted their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a buy rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued 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 price target of $22.63.

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.