Carnival Co. & (NYSE:CCL) Posts Earnings Results, Beats Estimates By $0.06 EPS

Carnival Co. & (NYSE:CCL) issued its quarterly earnings data on Friday. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06, Briefing.com reports. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the firm earned ($0.07) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis.

Carnival Co. & Stock Up 2.9 %

CCL opened at $25.90 on Friday. The company’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $19.42. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $27.17. The stock has a market cap of $29.89 billion, a price-to-earnings ratio of 23.13 and a beta of 2.67.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Carnival Co. & from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Barclays boosted their target price on shares of Carnival Co. & from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley increased their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Finally, Bank of America boosted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $26.62.

About Carnival Co. &

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.