Analysts Expect Carnival Co. & plc (NYSE:CCL) Will Post Earnings of -$1.05 Per Share

Wall Street analysts expect that Carnival Co. & plc (NYSE:CCL – Get Rating) will announce earnings of ($1.05) per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Carnival Co. &’s earnings. The lowest EPS estimate is ($1.45) and the highest is ($0.77). Carnival Co. & posted earnings per share of ($1.80) during the same quarter last year, which would indicate a positive year over year growth rate of 41.7%. The business is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Carnival Co. & will report full-year earnings of ($2.20) per share for the current financial year, with EPS estimates ranging from ($3.18) to ($1.59). For the next financial year, analysts expect that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $0.99 to $1.81. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Carnival Co. &.

Carnival Co. & (NYSE:CCL – Get Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The company reported ($1.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.50). Carnival Co. & had a negative net margin of 268.65% and a negative return on equity of 56.97%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the company earned ($1.79) earnings per share. Carnival Co. &’s revenue for the quarter was up 6142.3% on a year-over-year basis.

CCL has been the topic of several research reports. Wells Fargo & Company began coverage on Carnival Co. & in a report on Tuesday, March 29th. They set an “underweight” rating and a $21.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Carnival Co. & from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, March 23rd. The Goldman Sachs Group dropped their price objective on shares of Carnival Co. & from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, December 21st. Truist Financial lowered their target price on shares of Carnival Co. & from $20.00 to $17.00 and set a “sell” rating for the company in a research note on Thursday, March 17th. Finally, Argus lowered shares of Carnival Co. & from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Hold” and an average target price of $25.25.

In other news, CFO David Bernstein sold 7,670 shares of Carnival Co. & stock in a transaction that occurred on Thursday, January 20th. The shares were sold at an average price of $21.38, for a total value of $163,984.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arnold W. Donald sold 95,796 shares of the business’s stock in a transaction on Friday, January 28th. The stock was sold at an average price of $19.08, for a total transaction of $1,827,787.68. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Gemmer Asset Management LLC boosted its position 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 acquiring an additional 800 shares during the period. Mogy Joel R Investment Counsel Inc. bought a new stake in shares of Carnival Co. & in the fourth quarter valued at about $28,000. PSI Advisors LLC bought a new stake in Carnival Co. & during the third quarter worth about $38,000. Lindbrook Capital LLC lifted its position in Carnival Co. & by 342.3% during the third quarter. Lindbrook Capital LLC now owns 1,548 shares of the company’s stock worth $39,000 after purchasing an additional 1,198 shares during the period. Finally, Shore Point Advisors LLC bought a new stake in Carnival Co. & during the fourth quarter worth about $40,000. 51.86% of the stock is owned by institutional investors.

Shares of Carnival Co. & stock traded down $0.45 during trading hours on Monday, reaching $19.11. 345,035 shares of the company were exchanged, compared to its average volume of 37,946,043. Carnival Co. & has a 1 year low of $14.94 and a 1 year high of $31.52. The stock’s fifty day moving average is $19.65 and its 200 day moving average is $20.70. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.70 and a current ratio of 0.74. The firm has a market cap of $18.91 billion, a PE ratio of -2.30 and a beta of 2.07.

Carnival Co. & Company Profile (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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