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

Carnival Co. & (NYSE:CCL) posted its earnings results on Friday. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06, Briefing.com reports. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) EPS. Carnival Co. & updated its Q1 2025 guidance to 0.000-0.000 EPS and its FY 2025 guidance to 1.700-1.700 EPS.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $26.80 on Friday. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The firm’s 50-day moving average is $24.03 and its two-hundred day moving average is $19.51. The stock has a market capitalization of $30.93 billion, a P/E ratio of 23.93 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Tigress Financial raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays upped their target price on shares of Carnival Co. & from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.62.

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.