Carnival (NYSE:CCL) announced its quarterly earnings data on Thursday. The company reported ($2.19) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.20) by $0.01, MarketWatch Earnings reports. Carnival had a negative net margin of 17.53% and a positive return on equity of 0.06%.
Shares of NYSE CCL opened at $15.61 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $16.05 and a 200-day simple moving average of $15.11. The company has a market cap of $10.93 billion, a PE ratio of -3.88 and a beta of 1.96. Carnival has a 12-month low of $7.80 and a 12-month high of $51.94.
A number of research firms recently commented on CCL. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Carnival in a research note on Thursday, June 18th. ValuEngine raised Carnival from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Wedbush lowered their price objective on Carnival from $29.00 to $20.00 in a report on Monday, July 13th. HSBC lowered Carnival from a “buy” rating to a “hold” rating and set a $15.30 price objective for the company. in a report on Tuesday, July 21st. Finally, Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating and set a $20.00 price objective for the company. in a report on Friday, June 19th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $18.88.
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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