Carnival Co. & (NYSE:CCL) Issues Earnings Results

Carnival Co. & (NYSE:CCL - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.06, Briefing.com reports. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the business earned ($0.07) EPS. The business's revenue was up 10.0% on a year-over-year basis. Carnival Co. & updated its Q1 2025 guidance to 0.000-0.000 EPS and its FY 2025 guidance to 1.700-1.700 EPS.

Carnival Co. & Trading Up 6.4 %

Shares of Carnival Co. & stock traded up $1.62 on Friday, reaching $26.80. 60,814,160 shares of the company were exchanged, compared to its average volume of 28,719,791. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 23.93 and a beta of 2.67. The stock has a fifty day moving average price of $24.03 and a 200-day moving average price of $19.49.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCL. Citigroup increased their target price on Carnival Co. & from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Barclays lifted their price objective on shares of Carnival Co. & from $26.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Morgan Stanley raised their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a research report on Tuesday, October 1st. Finally, Macquarie boosted 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 Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.62.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Company Profile

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.