Carnival Co. & (NYSE:CCL – Get Free Report) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.15 for the period, compared to the consensus earnings per share estimate of $1.11. Carnival Co. & also updated its FY 2024 guidance to 1.180-1.180 EPS.
Analyst Ratings Changes
A number of analysts have commented on the stock. UBS Group upped their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Mizuho initiated coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They set a buy rating and a $21.00 price objective on the stock. Argus cut their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a buy rating on the stock in a research report on Monday, April 1st. Truist Financial cut their price objective on shares of Carnival Co. & from $18.00 to $17.00 and set a hold rating on the stock in a research report on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $21.61.
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Carnival Co. & Stock Up 3.1 %
Carnival Co. & (NYSE:CCL – Get Free Report) last announced its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.20%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.31) EPS. On average, sell-side analysts expect that Carnival Co. & will post 1.18 EPS for the current year.
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.
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