Carnival Co. & (NYSE:CCL) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Carnival Co. & (NYSE:CCL) released its earnings results on Friday. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06, Briefing.com reports. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share.

Carnival Co. & Stock Up 1.5 %

CCL stock opened at $25.18 on Friday. The firm has a market cap of $29.06 billion, a PE ratio of 22.48 and a beta of 2.67. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $27.17. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The firm has a 50 day simple moving average of $23.91 and a 200 day simple moving average of $19.42.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCL. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Citigroup lifted their price target on shares of Carnival Co. & from $28.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley upped their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus price target of $26.62.

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.