Share on StockTwits

Carnival Co. (NYSE:CCL) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.60-1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.72, StockRatingsNetwork.com reports. Carnival also updated its Q3 guidance to $1.38-1.44 EPS.

Carnival Co. (NYSE:CCL) opened at 39.41 on Tuesday. Carnival Co. has a one year low of $31.44 and a one year high of $41.89. The stock’s 50-day moving average is $39. and its 200-day moving average is $38.99. The company has a market cap of $30.622 billion and a P/E ratio of 29.83. Carnival also was the target of unusually large options trading activity on Monday. Stock traders acquired 12,422 call options on the company. This is an increase of 1,268% compared to the typical daily volume of 908 call options.

Carnival (NYSE:CCL) last released its earnings data on Tuesday, June 24th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.08. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company posted $0.09 earnings per share. Carnival’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Carnival Co. will post $1.72 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on CCL shares. Analysts at Morgan Stanley upgraded shares of Carnival from an underweight rating to an equal weight rating in a research note on Tuesday, May 20th. On a related note, analysts at Zacks reiterated a neutral rating on shares of Carnival in a research note on Friday, May 2nd. They now have a $41.00 price target on the stock. Finally, analysts at Berenberg Bank initiated coverage on shares of Carnival in a research note on Tuesday, April 29th. They set a buy rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $40.04.

In other Carnival news, major shareholder Micky Meir Arison sold 445,008 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $40.15, for a total value of $17,867,071.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.