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

Carnival Co. & (NYSE:CCL) 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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCL shares. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Stifel Nicolaus lowered their target price on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Sanford C. Bernstein initiated coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. Finally, Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Trading Down 0.9 %

Shares of Carnival Co. & stock opened at $21.02 on Friday. The stock has a market capitalization of $24.47 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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 company has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $22.99.

Carnival Co. & (NYSE:CCL) last posted its 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. 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 previous year, the company posted ($0.14) earnings per share. Carnival Co. &’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts expect 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.