Carnival Corp. (NYSE:CCL) – Investment analysts at William Blair lifted their FY2016 earnings per share estimates for Carnival Corp. in a research report issued on Tuesday. William Blair analyst S. Zackfia now expects that the firm will post earnings per share of $3.37 for the year, up from their prior estimate of $3.36. William Blair also issued estimates for Carnival Corp.’s Q4 2016 earnings at $0.59 EPS, Q1 2017 earnings at $0.45 EPS, Q2 2017 earnings at $0.49 EPS, Q4 2017 earnings at $0.67 EPS and FY2018 earnings at $4.41 EPS.
Carnival Corp. (NYSE:CCL) last released its quarterly earnings results on Monday, September 26th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $5.10 billion for the quarter. Carnival Corp. had a net margin of 15.10% and a return on equity of 10.76%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS.
A number of other analysts also recently weighed in on CCL. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price on shares of Carnival Corp. in a report on Tuesday. Zacks Investment Research downgraded shares of Carnival Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 8th. Nomura restated a “buy” rating and issued a $62.00 target price on shares of Carnival Corp. in a report on Wednesday, June 29th. Sterne Agee CRT began coverage on shares of Carnival Corp. in a report on Tuesday, June 7th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Carnival Corp. from $46.50 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $56.57.
Carnival Corp. (NYSE:CCL) opened at 48.78 on Wednesday. Carnival Corp. has a 12 month low of $40.52 and a 12 month high of $55.77. The stock has a market capitalization of $36.34 billion, a price-to-earnings ratio of 16.81 and a beta of 0.84. The company has a 50-day moving average of $46.57 and a 200 day moving average of $47.80.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.40 annualized dividend and a dividend yield of 2.87%. Carnival Corp.’s dividend payout ratio (DPR) is presently 42.94%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ngam Advisors L.P. raised its position in Carnival Corp. by 3.5% in the first quarter. Ngam Advisors L.P. now owns 168,931 shares of the company’s stock valued at $8,915,000 after buying an additional 5,785 shares during the period. Morris Capital Advisors LLC purchased a new position in Carnival Corp. during the first quarter valued at approximately $484,000. Centre Asset Management LLC purchased a new position in Carnival Corp. during the first quarter valued at approximately $5,729,000. CQS Cayman LP raised its position in Carnival Corp. by 89.0% in the first quarter. CQS Cayman LP now owns 1,595,289 shares of the company’s stock valued at $83,927,000 after buying an additional 751,372 shares during the period. Finally, Mondrian Investment Partners LTD raised its position in Carnival Corp. by 14.1% in the first quarter. Mondrian Investment Partners LTD now owns 1,197,906 shares of the company’s stock valued at $63,213,000 after buying an additional 147,953 shares during the period. Hedge funds and other institutional investors own 77.99% of the company’s stock.
Carnival Corp. Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
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