Carnival Co. & (NYSE:CCL) Announces Earnings Results

Carnival Co. & (NYSE:CCL) posted its earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11, Briefing.com reports. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) EPS.

Carnival Co. & Stock Down 0.9 %

Shares of NYSE:CCL opened at $21.02 on Friday. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The company has a 50 day moving average of $24.19 and a 200-day moving average of $22.94. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market cap of $24.47 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66.

Wall Street Analyst Weigh In

CCL has been the subject of several research analyst reports. Mizuho upped their price target 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. Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Loop Capital began coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average 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.