Carnival Co. & (NYSE:CCL) Updates FY 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.330-1.330 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of -. Carnival Co. & also updated its Q4 guidance to $0.05 EPS.

Carnival Co. & Stock Down 3.2 %

CCL stock traded down $0.60 during midday trading on Monday, hitting $17.94. The stock had a trading volume of 32,854,891 shares, compared to its average volume of 29,804,494. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 28.52 and a beta of 2.68. The business has a 50-day moving average of $16.59 and a two-hundred day moving average of $16.23. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CCL shares. Mizuho upped their target price on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock an outperform rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft raised their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research note on Wednesday, June 26th. Bank of America upped their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a report on Thursday, June 27th. Susquehanna reissued a positive rating and set a $22.00 price target on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, Citigroup upped their price objective 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.