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

Carnival Co. & (NYSE:CCL) released its quarterly earnings data on Monday. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10, Briefing.com reports. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share.

Carnival Co. & Stock Down 0.3 %

CCL stock opened at $18.49 on Tuesday. The company’s 50 day moving average price is $16.60 and its 200 day moving average price is $16.24. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of 28.45 and a beta of 2.68. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Analysts Set New Price Targets

CCL has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Mizuho raised their price target 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. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Finally, Truist Financial increased their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price 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.