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

Carnival Co. & (NYSE:CCL - Get Free Report) 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 FY 2025 guidance to 1.830-1.830 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCL. Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Sanford C. Bernstein began 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. Mizuho upped their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday. Barclays lifted 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, Citigroup decreased their target price on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.72.

Carnival Co. & Price Performance

Carnival Co. & stock traded down $0.19 during trading hours on Tuesday, hitting $21.25. 18,802,590 shares of the company traded hands, compared to its average volume of 26,259,650. The firm's 50-day simple moving average is $24.07 and its two-hundred day simple moving average is $23.11. The firm has a market cap of $24.74 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 1-year low of $13.78 and a 1-year 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.

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Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping 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 firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Carnival Co. & will post 1.77 earnings per share 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.