Carnival (NYSE:CCL) will be releasing its earnings data before the market opens on Tuesday, December 19th. Analysts expect Carnival to post earnings of $0.60 per share for the quarter. Carnival has set its Q4 guidance at $0.44-0.50 EPS.
Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Carnival had a return on equity of 12.15% and a net margin of 15.53%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. On average, analysts expect Carnival to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Carnival (NYSE:CCL) opened at $65.95 on Friday. The company has a market capitalization of $34,925.79, a price-to-earnings ratio of 16.89, a PEG ratio of 1.16 and a beta of 0.73. Carnival has a 52 week low of $50.77 and a 52 week high of $69.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. Carnival’s payout ratio is 43.72%.
A number of brokerages recently commented on CCL. Zacks Investment Research cut Carnival from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Susquehanna Bancshares lifted their price objective on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a research note on Monday, September 25th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. Instinet reaffirmed a “buy” rating and set a $75.00 price objective on shares of Carnival in a research note on Monday, October 2nd. Finally, Nomura reaffirmed a “buy” rating and set a $75.00 price objective on shares of Carnival in a research note on Friday, September 29th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Carnival presently has a consensus rating of “Buy” and an average target price of $68.83.
In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,903 shares of company stock valued at $6,782,771. Insiders own 23.80% of the company’s stock.
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Carnival 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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