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

Carnival Co. & (NYSE:CCL - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11, Briefing.com reports. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) EPS. The business's revenue was up 7.5% on a year-over-year basis.

Carnival Co. & Trading Down 0.9 %

CCL stock traded down $0.19 during trading on Tuesday, hitting $21.25. The company had a trading volume of 18,802,590 shares, compared to its average volume of 26,259,650. The firm has a 50-day moving average price of $24.07 and a 200-day moving average price of $23.11. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market cap of $24.74 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.73 and a beta of 2.66.

Wall Street Analyst Weigh In

CCL has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group increased their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Citigroup reduced their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $26.72.

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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.