Carnival Co. & (NYSE:CCL) Updates Q2 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its second quarter earnings guidance on Friday. The company provided EPS guidance of $0.22 for the period, compared to the consensus EPS estimate of $0.23. Carnival Co. & also updated its FY 2025 guidance to 1.830-1.830 EPS.

Analyst Ratings Changes

CCL has been the topic of a number of recent research reports. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Performance

CCL stock opened at $21.02 on Friday. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72. The business’s fifty day moving average is $24.19 and its 200-day moving average is $22.94. 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 company has a market cap of $24.47 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted ($0.14) earnings per share. Equities research analysts forecast that Carnival Co. & will post 1.77 EPS for the current year.

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.