Carnival Co. & (NYSE:CCL) Issues FY 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.330-1.330 for the period, compared to the consensus estimate of 1.210. The company issued revenue guidance of -. Carnival Co. & also updated its Q4 guidance to $0.05 EPS.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $17.71 on Thursday. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The firm’s 50-day moving average price is $16.56 and its two-hundred day moving average price is $16.27. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 27.25 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. On average, equities analysts predict that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCL. Mizuho raised their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an outperform rating in a research report on Tuesday. Bank of America upped their price objective on Carnival Co. & from $23.00 to $24.00 and gave the stock a buy rating in a report on Thursday, June 27th. JPMorgan Chase & Co. lifted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an overweight rating in a research note on Wednesday, July 24th. Morgan Stanley raised their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an underweight rating in a research note on Tuesday. Finally, Citigroup boosted their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a buy rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & has an average rating of Moderate Buy and a consensus price target of $22.84.

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.