Carnival Corp. (NYSE:CCL) – Investment analysts at William Blair issued their Q3 2017 earnings estimates for Carnival Corp. in a report issued on Tuesday. William Blair analyst S. Zackfia expects that the brokerage will post earnings of $2.27 per share for the quarter. William Blair also issued estimates for Carnival Corp.’s FY2017 earnings at $3.88 EPS.
A number of other analysts have also issued reports on the stock. Deutsche Bank AG assumed coverage on shares of Carnival Corp. in a research note on Thursday. They set a “hold” rating and a $48.00 price target on the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of Carnival Corp. in a research note on Wednesday. Wedbush reiterated a “neutral” rating and set a $54.00 price target on shares of Carnival Corp. in a research note on Tuesday. Buckingham Research boosted their price target on shares of Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target on shares of Carnival Corp. in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.97.
Carnival Corp. (NYSE:CCL) traded up 1.026% on Thursday, reaching $48.755. 907,261 shares of the company’s stock were exchanged. The stock has a market cap of $35.59 billion, a price-to-earnings ratio of 15.160 and a beta of 0.84. The firm has a 50 day moving average of $46.66 and a 200-day moving average of $47.80. Carnival Corp. has a one year low of $40.52 and a one year high of $55.77.
Carnival Corp. (NYSE:CCL) last posted its earnings results on Monday, September 26th. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. The business 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% on a year-over-year basis. During the same period last year, the business posted $1.75 EPS.
Large investors have recently modified their holdings of the company. Capital Analysts LLC boosted 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 valued at $147,000 after buying an additional 118 shares during the last quarter. Hall Laurie J Trustee boosted 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 valued at $162,000 after buying an additional 230 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $182,000 after buying an additional 162 shares during the last quarter. Wunderlich Capital Managemnt boosted 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 valued at $194,000 after buying an additional 723 shares during the last quarter. Finally, Intrust Bank NA acquired a new position in Carnival Corp. during the second quarter valued at about $202,000. 77.99% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, August 24th. Carnival Corp.’s dividend payout ratio is presently 42.94%.
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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