Carnival Co. & (NYSE:CCL) Releases Q4 2024 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its fourth quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 0.050-0.050 for the period, compared to the consensus EPS estimate of 0.070. The company issued revenue guidance of -. Carnival Co. & also updated its FY 2024 guidance to 1.330-1.330 EPS.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $18.02 on Wednesday. The company has a market cap of $20.23 billion, a P/E ratio of 27.72 and a beta of 2.68. The firm has a fifty day moving average price of $16.57 and a 200 day moving average price of $16.25. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Carnival Co. & will post 1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCL. Citigroup raised their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a buy rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an overweight rating in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a buy rating in a research report on Friday, September 20th. Susquehanna restated a positive rating and issued a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday, June 26th. Finally, Truist Financial lifted their target price on Carnival Co. & from $17.00 to $20.00 and gave the stock a hold rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $22.84.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.