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

Carnival Co. & (NYSE:CCL) is expected to post its quarterly earnings results 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the company posted ($0.07) earnings per share. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. 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. & Stock Performance

Shares of NYSE CCL opened at $21.08 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm’s 50-day moving average price is $24.31 and its two-hundred day moving average price is $22.92. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market capitalization of $24.54 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.73 and a beta of 2.66.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCL shares. Mizuho raised their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Stifel Nicolaus cut their target price on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Citigroup raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.