Carnival Co. & (NYSE:CCL) Posts Earnings Results, Beats Expectations By $0.12 EPS

Carnival Co. & (NYSE:CCL) posted its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12, Briefing.com reports. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period last year, the business earned ($0.31) EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.60 on Friday. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The firm has a market capitalization of $20.88 billion, a PE ratio of 28.62 and a beta of 2.57. The business’s 50 day moving average is $15.46 and its 200-day moving average is $16.12. The company has a current ratio of 0.28, a quick ratio of 0.32 and a debt-to-equity ratio of 3.99.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna reaffirmed a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research note on Wednesday. Argus raised their price objective on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Mizuho began coverage on Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Macquarie raised their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.