Carnival Co. & (NYSE:CCL) Posts Earnings Results, Beats Expectations By $0.11 EPS

Carnival Co. & (NYSE:CCL) announced its quarterly earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11, Briefing.com reports. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) EPS.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $21.02 on Friday. The company’s fifty day moving average price is $24.19 and its 200 day moving average price is $22.99. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market capitalization of $24.47 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Mizuho increased their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. The Goldman Sachs Group increased 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. Loop Capital assumed coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 price objective for the company. Finally, Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.