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

Carnival Co. & (NYSE:CCL - Get Free Report) updated its second quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.22 for the period, compared to the consensus estimate of $0.23. Carnival Co. & also updated its FY 2025 guidance to 1.830-1.830 EPS.

Carnival Co. & Price Performance

NYSE:CCL traded down $0.19 during trading hours on Tuesday, hitting $21.25. The company's stock had a trading volume of 18,802,590 shares, compared to its average volume of 26,259,650. The company has a market capitalization of $24.74 billion, a PE ratio of 15.29, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The business's 50-day moving average is $24.07 and its two-hundred day moving average is $23.11. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. As a group, research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday. Loop Capital lowered their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday. Wells Fargo & Company raised their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Barclays boosted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Monday, December 23rd. Finally, Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, January 8th. One investment 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 company has an average rating of "Moderate Buy" and a consensus price target of $26.72.

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.