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

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CCL shares. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Loop Capital began coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. Mizuho increased their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Morgan Stanley lifted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Trading Up 0.7 %

NYSE:CCL opened at $21.21 on Friday. The stock has a market cap of $24.69 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The business’s 50-day simple moving average is $24.25 and its 200 day simple moving average is $22.91.

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

About Carnival Co. &

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.