Carnival Co. & (NYSE:CCL) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Carnival Co. & (NYSE:CCL) announced its quarterly earnings results on Monday. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10, Briefing.com reports. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share.

Carnival Co. & Stock Down 0.3 %

Shares of NYSE:CCL opened at $18.49 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The business has a fifty day moving average of $16.60 and a two-hundred day moving average of $16.24. The stock has a market cap of $20.75 billion, a P/E ratio of 28.45 and a beta of 2.68. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74.

Wall Street Analysts Forecast Growth

CCL has been the subject of several recent research reports. Mizuho lifted their price target on Carnival Co. & from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Argus lifted their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft lifted their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Stifel Nicolaus boosted their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Bank of America boosted their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $22.63.

About Carnival Co. &

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.