FY2021 EPS Estimates for Carnival Co. & plc (NYSE:CCL) Lowered by Truist Securiti

Carnival Co. & plc (NYSE:CCL) – Analysts at Truist Securiti cut their FY2021 earnings per share (EPS) estimates for shares of Carnival Co. & in a research note issued on Monday, November 22nd. Truist Securiti analyst P. Scholes now expects that the company will post earnings of ($6.71) per share for the year, down from their prior forecast of ($6.20). Truist Securiti also issued estimates for Carnival Co. &’s Q4 2021 earnings at ($1.33) EPS, Q1 2022 earnings at ($0.86) EPS, Q2 2022 earnings at ($0.32) EPS, Q4 2022 earnings at $0.21 EPS, FY2022 earnings at ($0.26) EPS and Q3 2023 earnings at $1.15 EPS.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Thursday, September 30th. The company reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($0.22). Carnival Co. & had a negative return on equity of 42.88% and a negative net margin of 1,387.65%. The company had revenue of $546.00 million during the quarter, compared to analysts’ expectations of $737.28 million. During the same period in the prior year, the firm earned ($2.19) EPS.

A number of other research analysts have also recently commented on the company. Credit Suisse Group boosted their price target on Carnival Co. & from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, October 5th. HSBC boosted their target price on Carnival Co. & from $14.70 to $18.30 and gave the company a “reduce” rating in a research report on Thursday, August 19th. Berenberg Bank raised Carnival Co. & from a “sell” rating to a “hold” rating and set a $23.50 price objective on the stock in a research report on Thursday, October 21st. Citigroup downgraded Carnival Co. & from a “buy” rating to a “neutral” rating and cut their price objective for the company from $34.00 to $24.50 in a research report on Monday, October 25th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $39.00 price target on shares of Carnival Co. & in a research report on Wednesday, September 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Hold” and an average target price of $28.58.

CCL stock opened at $20.16 on Wednesday. Carnival Co. & has a twelve month low of $17.96 and a twelve month high of $31.52. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The stock has a market cap of $19.63 billion, a P/E ratio of -2.36 and a beta of 2.13. The business’s 50-day moving average price is $23.20 and its 200-day moving average price is $24.52.

Large investors have recently made changes to their positions in the business. Corsicana & Co. purchased a new position in shares of Carnival Co. & during the 2nd quarter worth $26,000. SRS Capital Advisors Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at $32,000. Aspire Private Capital LLC acquired a new stake in shares of Carnival Co. & during the first quarter valued at about $33,000. Lake Point Wealth Management acquired a new stake in shares of Carnival Co. & during the second quarter valued at about $37,000. Finally, Accel Wealth Management grew its stake in shares of Carnival Co. & by 262.5% during the second quarter. Accel Wealth Management now owns 1,450 shares of the company’s stock valued at $38,000 after acquiring an additional 1,050 shares in the last quarter. Hedge funds and other institutional investors own 52.57% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise; Europe and Asia (EA) Cruise Operations; Cruise Support; and Tour and Others. The North America and Australia (NAA) Cruise segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

See Also: Outstanding Shares

Earnings History and Estimates for Carnival Co. & (NYSE:CCL)

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