Carnival Corp. (NYSE:CCL) – SunTrust Banks boosted their FY2016 earnings per share (EPS) estimates for Carnival Corp. in a note issued to investors on Tuesday. SunTrust Banks analyst P. Scholes now forecasts that the brokerage will post earnings of $3.37 per share for the year, up from their prior forecast of $3.34. SunTrust Banks also issued estimates for Carnival Corp.’s Q4 2016 earnings at $0.59 EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $2.18 EPS, Q4 2017 earnings at $0.69 EPS and FY2017 earnings at $3.78 EPS.
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank AG assumed coverage on shares of Carnival Corp. in a report on Thursday. They issued a “hold” rating and a $48.00 target price for the company. Zacks Investment Research cut shares of Carnival Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Buckingham Research upped their target price on shares of Carnival Corp. from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday. Goldman Sachs Group Inc. upped their target price on shares of Carnival Corp. from $46.50 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, June 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 target price on shares of Carnival Corp. in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Carnival Corp. has an average rating of “Buy” and a consensus target price of $55.97.
Shares of Carnival Corp. (NYSE:CCL) opened at 48.26 on Wednesday. The company has a 50-day moving average price of $46.65 and a 200 day moving average price of $47.80. Carnival Corp. has a 12-month low of $40.52 and a 12-month high of $55.77. The firm has a market capitalization of $35.95 billion, a PE ratio of 16.63 and a beta of 0.84.
Carnival Corp. (NYSE:CCL) last posted its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.03. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The company had revenue of $5.10 billion for the quarter. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a yield of 2.90%. Carnival Corp.’s dividend payout ratio (DPR) is currently 42.94%.
A number of hedge funds have recently made changes to their positions in CCL. Sun Life Financial INC purchased a new stake in shares of Carnival Corp. during the first quarter worth about $116,305,000. Capital Analysts LLC increased its position in Carnival Corp. by 3.7% in the second quarter. Capital Analysts LLC now owns 3,316 shares of the company’s stock worth $147,000 after buying an additional 118 shares in the last quarter. Hall Laurie J Trustee increased its position in Carnival Corp. by 6.9% in the second quarter. Hall Laurie J Trustee now owns 3,550 shares of the company’s stock worth $162,000 after buying an additional 230 shares in the last quarter. Wunderlich Capital Managemnt increased its position in Carnival Corp. by 24.4% in the first quarter. Wunderlich Capital Managemnt now owns 3,684 shares of the company’s stock worth $194,000 after buying an additional 723 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Carnival Corp. by 4.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,109 shares of the company’s stock worth $182,000 after buying an additional 162 shares in the last quarter. 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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