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Carnival Co. (NYSE:CCL) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.38-1.44 for the period, compared to the Thomson Reuters consensus estimate of $1.52, ARN reports. Carnival also updated its FY14 guidance to $1.60-1.75 EPS.

Carnival Co. (NYSE:CCL) opened at 39.41 on Tuesday. Carnival Co. has a 52-week low of $31.44 and a 52-week high of $41.89. The stock has a 50-day moving average of $39. and a 200-day moving average of $38.99. The company has a market cap of $30.622 billion and a price-to-earnings ratio of 29.83. Carnival also saw unusually large options trading activity on Monday. Stock investors purchased 12,422 call options on the stock. This is an increase of approximately 1,268% compared to the average daily volume of 908 call options.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts expect that Carnival Co. will post $1.72 EPS for the current fiscal year.

CCL has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Carnival presently has a consensus rating of Hold and a consensus price target of $40.04.

In other Carnival news, major shareholder Micky Meir Arison sold 445,008 shares of Carnival stock on the open market in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $40.15, for a total transaction of $17,867,071.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

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