Carnival Co. & (NYSE:CCL) Updates Q4 Earnings Guidance

Carnival Co. & (NYSE:CCL) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.05 for the period, compared to the consensus EPS estimate of $0.07. Carnival Co. & also updated its FY 2024 guidance to 1.330-1.330 EPS.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCL. Bank of America increased their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a report on Thursday, June 27th. Truist Financial increased their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a hold rating in a research note on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Carnival Co. & to a moderate sell rating in a research report on Tuesday, September 3rd. Mizuho upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an outperform rating in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an underweight rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Carnival Co. & has a consensus rating of Moderate Buy and a consensus target price of $22.84.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $18.02 on Wednesday. The stock has a 50-day moving average price of $16.57 and a two-hundred day moving average price of $16.25. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a market capitalization of $20.23 billion, a PE ratio of 27.72 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Carnival Co. & will post 1.21 EPS for the current year.

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.