Carnival Co. & (CCL) to Release Quarterly Earnings on Friday

Carnival Co. & (NYSE:CCL) is anticipated to issue its quarterly earnings data before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of $0.02 per share and revenue of $5.74 billion for the quarter. Carnival Co. & has set its Q1 2025 guidance at 0.000-0.000 EPS and its FY 2025 guidance at 1.700-1.700 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts expect Carnival Co. & to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Carnival Co. & Stock Performance

CCL opened at $21.08 on Thursday. The stock has a market cap of $24.54 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $24.31 and its 200 day simple moving average is $22.92. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72.

Analyst Ratings Changes

A number of brokerages have commented on CCL. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Stifel Nicolaus reduced their price target on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Mizuho increased their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average price target of $26.89.

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 the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.