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

Carnival Co. & (NYSE:CCL) posted its earnings results on Friday. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the company posted ($0.14) EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis.

Carnival Co. & Stock Down 0.9 %

Shares of NYSE CCL opened at $21.02 on Friday. The company has a 50 day simple moving average of $24.19 and a 200-day simple moving average of $22.99. The company has a market capitalization of $24.47 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley upped their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Stifel Nicolaus reduced their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Finally, Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

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.