Carnival Co. & (NYSE:CCL) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Carnival Co. & (NYSE:CCL) released 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 company had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue was up 15.2% on a year-over-year basis.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.02 on Wednesday. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The firm has a market capitalization of $20.23 billion, a P/E ratio of 27.72 and a beta of 2.68. The firm’s 50 day moving average is $16.57 and its two-hundred day moving average is $16.25.

Analysts Set New Price Targets

A number of research firms have weighed in on CCL. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Susquehanna restated a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Morgan Stanley lifted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.