Carnival Corp. (CCL) Issues FY13 Earnings Guidance
Carnival Corp. (NYSE:CCL) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.51-1.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57, AnalystRatingsNetwork.com reports.
Carnival Corp. (NYSE:CCL) opened at 37.40 on Tuesday. Carnival Corp. has a one year low of $32.06 and a one year high of $39.95. The stock has a 50-day moving average of $36. and a 200-day moving average of $35.08. The company has a market cap of $28.985 billion and a price-to-earnings ratio of 19.37.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.08. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter last year, the company posted $1.53 earnings per share. Carnival Corp.’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Carnival Corp. will post $1.55 earnings per share for the current fiscal year.
A number of research firms have recently commented on CCL. 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 a related note, 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 research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. Carnival Corp. has an average rating of Hold and a consensus target price 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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