Carnival Corporation (CCL) to Release Earnings on Monday
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.
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