Carnival Co. & (NYSE:CCL) Updates Q2 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its second quarter earnings guidance on Friday. The company provided earnings per share guidance of $0.22 for the period, compared to the consensus earnings per share estimate of $0.23. Carnival Co. & also updated its FY25 guidance to $1.83 EPS.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. 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. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $20.16 on Friday. 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 company has a market cap of $23.47 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.73 and a beta of 2.66. The firm’s fifty day moving average is $24.25 and its two-hundred day moving average is $22.91. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72.

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