Carnival Co. (CCL) Issues FY13 Earnings Guidance
Carnival Co. (CCL) updated its FY13 earnings guidance on Thursday. The company provided EPS guidance of $2.20-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.52. Carnival also updated its Q1 guidance to $0.03-0.07 EPS.
A number of research firms have also recently commented on CCL. Analysts at RS Platou reiterated a neutral rating on shares of Carnival in a research note to investors on Wednesday. They now have a $44.00 price target on the stock, up previously from $38.00. On a related note, analysts at Nomura reiterated a buy rating on shares of Carnival in a research note to investors on Tuesday. They now have a $40.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Carnival from $46.00 to $48.00 in a research note to investors on Wednesday, November 7th. They now have a buy rating on the stock.
Carnival Co. (CCL) opened at 39.06 on Thursday. Carnival Co. (CCL) has a 1-year low of $29.15 and a 1-year high of $39.95. The company has a market cap of $30.350 billion and a price-to-earnings ratio of 21.41.
Carnival last released its earnings data on Thursday, December 20th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in 2011, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Carnival Co. (CCL) will post $1.87 EPS for the current fiscal year.
Carnival Corporation is a cruise company. The Company’s cruise brand operates in two segments: North America and Europe, Australia & Asia (EAA).
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