Carnival Co. & (NYSE:CCL) Releases Earnings Results, Beats Estimates By $0.11 EPS

Carnival Co. & (NYSE:CCL - Get Free Report) issued its earnings results on Friday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11, Briefing.com reports. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock traded down $0.19 during trading on Tuesday, hitting $21.25. 18,802,590 shares of the stock were exchanged, compared to its average volume of 26,259,650. The stock has a market cap of $24.74 billion, a PE ratio of 15.29, a P/E/G ratio of 0.73 and a beta of 2.66. The stock's fifty day moving average is $24.07 and its 200 day moving average is $23.11. Carnival Co. & has a 12 month low of $13.78 and a 12 month 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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCL shares. 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. Citigroup cut their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Monday. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Barclays boosted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and an average target price of $26.72.

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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.