Brokerages Anticipate Carnival Co. & plc (NYSE:CCL) to Post -$1.05 Earnings Per Share

Brokerages forecast that Carnival Co. & plc (NYSE:CCL – Get Rating) will announce ($1.05) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Carnival Co. &’s earnings, with estimates ranging from ($1.45) to ($0.77). Carnival Co. & reported earnings of ($1.80) per share in the same quarter last year, which suggests a positive year over year growth rate of 41.7%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Carnival Co. & will report full year earnings of ($2.22) per share for the current financial year, with EPS estimates ranging from ($3.18) to ($1.59). For the next year, analysts expect that the business will report earnings of $1.34 per share, with EPS estimates ranging from $0.99 to $1.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Carnival Co. &.

Carnival Co. & (NYSE:CCL – Get Rating) last released its earnings results on Tuesday, March 22nd. The company reported ($1.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.23) by ($0.42). The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $2.26 billion. Carnival Co. & had a negative net margin of 268.65% and a negative return on equity of 56.97%. The business’s revenue was up 6142.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.79) earnings per share.

CCL has been the subject of a number of recent analyst reports. Truist Financial cut their target price on Carnival Co. & from $20.00 to $17.00 and set a “sell” rating for the company in a research report on Thursday, March 17th. Citigroup dropped their price objective on Carnival Co. & from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Carnival Co. & from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 23rd. Morgan Stanley dropped their price objective on Carnival Co. & from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Thursday, March 24th. Finally, Argus downgraded Carnival Co. & from a “buy” rating to a “hold” rating in a research report on Friday, March 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.19.

Shares of NYSE:CCL traded up $1.02 during trading on Monday, reaching $14.28. 40,862,012 shares of the company traded hands, compared to its average volume of 32,523,936. The company’s 50 day moving average is $18.10 and its two-hundred day moving average is $19.82. The firm has a market capitalization of $14.13 billion, a PE ratio of -1.72 and a beta of 2.02. The company has a quick ratio of 0.70, a current ratio of 0.74 and a debt-to-equity ratio of 2.90. Carnival Co. & has a 52 week low of $12.72 and a 52 week high of $31.52.

Hedge funds have recently modified their holdings of the company. Gemmer Asset Management LLC increased its stake in shares of Carnival Co. & by 150.7% in the fourth quarter. Gemmer Asset Management LLC now owns 1,331 shares of the company’s stock valued at $27,000 after buying an additional 800 shares during the period. Mogy Joel R Investment Counsel Inc. acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at about $28,000. Private Capital Group LLC increased its stake in shares of Carnival Co. & by 130.0% in the first quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock valued at $31,000 after buying an additional 859 shares during the period. Sierra Capital LLC increased its stake in shares of Carnival Co. & by 1,304.3% in the first quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock valued at $33,000 after buying an additional 1,500 shares during the period. Finally, PSI Advisors LLC acquired a new stake in shares of Carnival Co. & in the third quarter valued at about $38,000. 65.38% of the stock is owned by institutional investors.

About Carnival Co. & (Get Rating)

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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