Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Carnival Corporation (CCL) Share Price
News headlines about Carnival Corporation (NYSE:CCL) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Carnival Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.146777995218 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Carnival Corporation (NYSE:CCL) – Technical Indicators in Focus – The Investor Guide (wallstreetnews24.com)
- Carnival Stock Continues to Sink in Hurricane Wake – Schaeffers Research (blog) (schaeffersresearch.com)
- Carnival, Arisons and Miami Heat pledge $10 million for Irma relief – Marine Log (marinelog.com)
- Choppy Waters Ahead For Carnival Corp? (NYSE:CCL) | Benzinga – Benzinga (benzinga.com)
- Royal Caribbean begins pulling Key West calls from itineraries – USA TODAY (usatoday.com)
Several equities analysts have weighed in on CCL shares. Wolfe Research raised Carnival Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th. ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $74.00 target price (up from $69.00) on shares of Carnival Corporation in a research report on Saturday, June 3rd. William Blair reaffirmed an “outperform” rating on shares of Carnival Corporation in a research report on Friday, June 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $68.00 target price on shares of Carnival Corporation in a research report on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $63.07.
Carnival Corporation (CCL) traded down 4.07% during midday trading on Friday, reaching $65.94. The company had a trading volume of 10,390,474 shares. The firm’s 50-day moving average price is $67.77 and its 200 day moving average price is $63.36. Carnival Corporation has a 12 month low of $45.46 and a 12 month high of $69.89. The firm has a market capitalization of $47.74 billion, a PE ratio of 17.44 and a beta of 0.74.
Carnival Corporation (NYSE:CCL) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm earned $0.49 EPS. Carnival Corporation’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.43%. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the sale, the insider now owns 150,860 shares in the company, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 23.80% of the stock is owned by company insiders.
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About Carnival Corporation
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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