Carnival Co. & (NYSE:CCL – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04, Briefing.com reports. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.55) EPS.
Carnival Co. & Stock Down 4.9 %
Shares of Carnival Co. & stock traded down $0.85 during trading on Friday, hitting $16.34. 60,284,333 shares of the stock traded hands, compared to its average volume of 33,767,268. The stock has a market cap of $18.29 billion, a P/E ratio of 62.85 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.41 and a current ratio of 0.36. Carnival Co. & has a twelve month low of $8.70 and a twelve month high of $19.74. The company has a fifty day moving average price of $16.04 and a two-hundred day moving average price of $15.34.
Insider Activity
In other news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Carnival Co. &
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CCL. Susquehanna lowered their price target on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research report on Monday. Mizuho started coverage on shares of Carnival Co. & in a report on Tuesday. They issued a “buy” rating and a $21.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective for the company. Barclays lifted their price target on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.42.
View Our Latest Stock Report on Carnival Co. &
About Carnival Co. &
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.
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