Carnival Co. & (NYSE:CCL) Releases FY 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.330-1.330 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of -. Carnival Co. & also updated its Q4 guidance to $0.05 EPS.

Carnival Co. & Stock Performance

Shares of CCL stock traded down $0.60 on Monday, hitting $17.94. The company’s stock had a trading volume of 32,854,891 shares, compared to its average volume of 29,804,494. Carnival Co. & has a fifty-two week low of $10.84 and a fifty-two week high of $19.74. The company has a market capitalization of $20.14 billion, a PE ratio of 28.52 and a beta of 2.68. The stock’s 50 day moving average is $16.59 and its 200-day moving average is $16.23. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup lifted their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a buy rating in a research note on Wednesday, June 26th. Mizuho boosted their target price on shares of Carnival Co. & from $22.00 to $25.00 and gave the stock an outperform rating in a report on Thursday, September 19th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a buy rating in a research note on Friday, September 20th. Morgan Stanley lifted their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an underweight rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an overweight rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of Moderate Buy and an average target price of $22.63.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.