Carnival (NYSE:CUK) released its quarterly earnings data on Thursday. The company reported ($2.19) EPS for the quarter, beating 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:CUK opened at $13.62 on Friday. The company has a fifty day moving average of $13.41 and a 200-day moving average of $12.81. The company has a market capitalization of $2.53 billion, a PE ratio of -3.39 and a beta of 1.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.66 and a current ratio of 0.69. Carnival has a 52-week low of $7.08 and a 52-week high of $49.03.
A number of research firms have issued reports on CUK. Barclays raised shares of Carnival from an “equal weight” rating to an “overweight” rating in a report on Monday, September 28th. TheStreet cut Carnival from a “c-” rating to a “d” rating in a research note on Monday, July 20th. Morgan Stanley restated an “underweight” rating on shares of Carnival in a research report on Wednesday, August 12th. UBS Group restated a “neutral” rating on shares of Carnival in a research report on Tuesday. Finally, Berenberg Bank upgraded shares of Carnival from a “sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold”.
Carnival plc 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.
Further Reading: When can a hold rating present a buying opportunity?
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