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

Carnival Co. & (NYSE:CCL) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.330-1.330 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of -. Carnival Co. & also updated its Q4 guidance to $0.05 EPS.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Mizuho upped their target price on Carnival Co. & from $22.00 to $25.00 and gave the stock an outperform rating in a research report on Thursday, September 19th. Citigroup raised their target price on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a buy rating in a research note on Wednesday, June 26th. Hsbc Global Res raised shares of Carnival Co. & to a moderate sell rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an overweight rating in a research report on Wednesday, July 24th. Finally, Truist Financial boosted their price objective 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 given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $22.63.

Carnival Co. & Price Performance

NYSE:CCL opened at $18.49 on Tuesday. The company has a market capitalization of $20.75 billion, a price-to-earnings ratio of 28.45 and a beta of 2.68. The company has a 50-day moving average of $16.60 and a 200-day moving average of $16.24. Carnival Co. & has a 52 week low of $10.84 and a 52 week high of $19.74. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28.

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.