Carnival (NYSE:CCL) is scheduled to release its earnings data before the market opens on Thursday, March 22nd. Analysts expect Carnival to post earnings of $0.43 per share for the quarter.
Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. On average, analysts expect Carnival to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Carnival (NYSE:CCL) opened at $67.63 on Tuesday. The stock has a market capitalization of $35,741.42, a P/E ratio of 18.84, a PEG ratio of 1.12 and a beta of 0.80. Carnival has a one year low of $57.09 and a one year high of $72.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is 22.28%.
A number of brokerages have recently issued reports on CCL. Stifel Nicolaus increased their target price on Carnival from $80.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Buckingham Research reissued a “buy” rating and set a $84.00 target price (up from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Finally, Barclays increased their target price on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 21st. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $73.90.
In related news, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Bernstein sold 51,454 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $66.76, for a total value of $3,435,069.04. Following the completion of the sale, the chief financial officer now owns 67,371 shares in the company, valued at approximately $4,497,687.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 333,364 shares of company stock worth $22,422,561. Insiders own 23.80% of the company’s stock.
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Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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