Carnival Co. & (NYSE:CCL) Issues Quarterly Earnings Results

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

Carnival Co. & Stock Down 4.9 %

CCL opened at $16.34 on Friday. The firm has a 50-day simple moving average of $16.04 and a two-hundred day simple moving average of $15.34. Carnival Co. & has a 52 week low of $8.70 and a 52 week high of $19.74. The company has a market capitalization of $18.29 billion, a PE ratio of 62.85 and a beta of 2.54. The company has a quick ratio of 0.41, a current ratio of 0.36 and a debt-to-equity ratio of 4.27.

Insider Buying and Selling at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Carnival Co. & by 13.3% during the first quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock valued at $667,000 after purchasing an additional 3,869 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Carnival Co. & by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock valued at $2,188,000 after buying an additional 7,248 shares during the period. Yousif Capital Management LLC lifted its position in Carnival Co. & by 3.4% in the first quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock worth $2,787,000 after buying an additional 4,536 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Carnival Co. & by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock worth $95,697,000 after buying an additional 93,169 shares during the period. Finally, Aviva PLC raised its stake in shares of Carnival Co. & by 25.5% in the first quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after acquiring an additional 31,037 shares during the period. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CCL shares. Mizuho began coverage on shares of Carnival Co. & in a report on Tuesday. They issued a “buy” rating and a $21.00 target price on the stock. Barclays upped their price target on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup raised their price objective on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Macquarie upped their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Truist Financial lifted their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.