Carnival Corp. (CCL) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Carnival Corp. (NYSE:CCL) announced its earnings results on Tuesday. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.08, ARN reports. 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. Carnival Corp. updated its FY13 guidance to $1.51-1.57 EPS.
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 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 investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $166.31.
Carnival Corp. (NYSE:CCL) opened at 37.40 on Tuesday. Carnival Corp. has a 52 week low of $32.06 and a 52 week 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 P/E ratio of 19.37.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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