Carnival Co. & (NYSE:CCL) Issues Quarterly Earnings Results

Carnival Co. & (NYSE:CCL) announced its quarterly earnings data on Monday. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10, Briefing.com reports. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year.

Carnival Co. & Price Performance

NYSE:CCL opened at $18.02 on Wednesday. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 27.72 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The business has a 50 day simple moving average of $16.57 and a 200-day simple moving average of $16.25. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74.

Wall Street Analyst Weigh In

CCL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Citigroup lifted their target price on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Truist Financial boosted their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Stifel Nicolaus increased their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Barclays upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.84.

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.