Carnival Corp. (CCL) Scheduled to Post Quarterly Earnings on Tuesday
Carnival Corp. (NYSE:CCL) is set to issue its Q313 quarterly earnings data on Tuesday, September 24th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $4.72 billion for the quarter. Carnival Corp. has set its Q3 guidance at $1.25-1.33 EPS and its FY13 guidance at $1.45-1.65 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Carnival Corp. (NYSE:CCL) last released its earnings data on Tuesday, June 25th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the company posted $0.20 earnings per share. Carnival Corp.’s revenue was down 1.2% compared to the same quarter last year. On average, analysts expect Carnival Corp. to post $1.55 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.
Carnival Corp. (NYSE:CCL) opened at 37.08 on Monday. Carnival Corp. has a 1-year low of $32.06 and a 1-year high of $39.95. The stock has a 50-day moving average of $36.80 and a 200-day moving average of $35.09. The company has a market cap of $28.737 billion and a price-to-earnings ratio of 19.52.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Carnival Corp. (NYSE:CCL) from $42.00 to $44.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. On the ratings front, analysts at Susquehanna upgraded shares of Carnival Corp. (NYSE:CCL) from a “neutral” rating to a “positive” rating in a research note to investors on Wednesday, September 4th. They now have a $45.00 price target on the stock, up previously from $35.00.
Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $166.31.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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