Carnival Co. & (NYSE:CCL – Get Free Report) 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 business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS.
Carnival Co. & Price Performance
Shares of CCL traded down $0.19 on Wednesday, hitting $17.83. The company’s stock had a trading volume of 10,750,313 shares, compared to its average volume of 29,972,994. The company has a 50 day moving average price of $16.57 and a 200 day moving average price of $16.25. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. 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 $20.01 billion, a PE ratio of 27.72 and a beta of 2.69.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on CCL shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Citigroup lifted their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Barclays increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Mizuho lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.84.
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.
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