Equities research analysts predict that Carnival Corporation (NYSE:CCL) will announce earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Carnival Corporation’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.53. Carnival Corporation reported earnings per share of $0.67 during the same quarter last year, which suggests a negative year-over-year growth rate of 23.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, December 19th.
According to Zacks, analysts expect that Carnival Corporation will report full-year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.68 to $3.72. For the next year, analysts expect that the business will post earnings of $4.25 per share, with EPS estimates ranging from $4.09 to $4.55. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Carnival Corporation.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 earnings per share.
Several brokerages have commented on CCL. UBS AG reaffirmed a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Zacks Investment Research lowered shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub raised shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $73.20 price objective on shares of Carnival Corporation in a research report on Monday, July 24th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.43.
In related news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the sale, the chief executive officer now owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 23.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of CCL. Almanack Investment Partners LLC. bought a new stake in Carnival Corporation during the 2nd quarter worth approximately $117,000. Grove Bank & Trust increased its holdings in Carnival Corporation by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after acquiring an additional 1,600 shares during the period. Bessemer Group Inc. increased its holdings in Carnival Corporation by 109.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after acquiring an additional 1,368 shares during the period. Smithfield Trust Co. grew its stake in Carnival Corporation by 826.2% in the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after buying an additional 2,520 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its stake in Carnival Corporation by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carnival Corporation (NYSE CCL) traded up $0.40 during mid-day trading on Friday, reaching $66.22. 1,839,217 shares of the company’s stock traded hands, compared to its average volume of 3,177,252. The company has a market capitalization of $47,240.00, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. Carnival Corporation has a twelve month low of $49.73 and a twelve month high of $69.89.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, November 22nd. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is 43.60%.
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Carnival Corporation Company Profile
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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