Carnival Corporation (NYSE:CCL) is set to announce its earnings results before the market opens on Monday, September 25th. Analysts expect the company to announce earnings of $2.20 per share for the quarter.

Carnival Corporation (NYSE:CCL) last announced its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect Carnival Corporation to post $3.73 EPS for the current fiscal year and $4.35 EPS for the next fiscal year.

Carnival Corporation (NYSE:CCL) opened at 64.33 on Friday. Carnival Corporation has a 52 week low of $45.46 and a 52 week high of $69.89. The company has a market cap of $46.57 billion, a price-to-earnings ratio of 17.01 and a beta of 0.74. The firm has a 50-day moving average of $67.69 and a 200-day moving average of $63.59.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio (DPR) is presently 42.55%.

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CCL has been the subject of a number of research analyst reports. ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Credit Suisse Group reiterated an “outperform” rating and issued a $74.00 price target (up from $69.00) on shares of Carnival Corporation in a report on Saturday, June 3rd. William Blair reiterated an “outperform” rating on shares of Carnival Corporation in a report on Friday, June 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price target on shares of Carnival Corporation in a report on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $57.00 price target (up from $55.00) on shares of Carnival Corporation in a report on Tuesday, June 20th. Eight equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.87.

In other news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the completion of the transaction, the insider now owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.80% of the company’s stock.

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.

Earnings History for Carnival Corporation (NYSE:CCL)

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