Carnival Co. & (NYSE:CCL) Releases Earnings Results, Beats Expectations By $0.04 EPS

Carnival Co. & (NYSE:CCL) posted its earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04, Briefing.com reports. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm posted ($0.55) EPS.

Carnival Co. & Price Performance

CCL stock opened at $16.34 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.41 and a debt-to-equity ratio of 4.27. Carnival Co. & has a one year low of $8.70 and a one year high of $19.74. The firm has a market capitalization of $18.29 billion, a PE ratio of 62.85 and a beta of 2.54. The firm has a 50-day moving average of $16.04 and a two-hundred day moving average of $15.34.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were 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 of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently bought and sold shares of CCL. Lido Advisors LLC lifted its position in shares of Carnival Co. & by 0.4% in the first quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock worth $3,826,000 after purchasing an additional 803 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Carnival Co. & by 3.0% in the first quarter. Steward Partners Investment Advisory LLC now owns 35,228 shares of the company’s stock worth $358,000 after purchasing an additional 1,021 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Carnival Co. & by 9.0% in the second quarter. Bleakley Financial Group LLC now owns 13,985 shares of the company’s stock worth $263,000 after purchasing an additional 1,149 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Carnival Co. & by 9.1% in the first quarter. Peapack Gladstone Financial Corp now owns 14,385 shares of the company’s stock worth $146,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Carnival Co. & by 8.6% in the second quarter. Horizon Investments LLC now owns 15,377 shares of the company’s stock worth $290,000 after purchasing an additional 1,222 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCL has been the topic of several research reports. Susquehanna lowered their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a research report on Friday, December 22nd. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Tuesday, March 19th. Finally, Truist Financial lifted their target price on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $21.42.

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.