Carnival Co. & (NYSE:CCL) Updates FY25 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its FY25 earnings guidance on Friday. The company provided earnings per share guidance of $1.83 for the period, compared to the consensus earnings per share estimate of $1.79. Carnival Co. & also updated its Q2 guidance to $0.22 EPS.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCL. Truist Financial boosted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Stifel Nicolaus decreased their target price on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 14th. Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley upped their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Price Performance

NYSE:CCL opened at $20.16 on Friday. The business’s 50-day moving average price is $24.25 and its 200 day moving average price is $22.91. The firm has a market cap of $23.47 billion, a P/E ratio of 14.39, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. As a group, sell-side analysts predict that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

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.