Brokerages Expect Carnival Corp (CCL) Will Announce Quarterly Sales of $3.87 Billion

Gladys Abbott
April 21, 2017

On average, equities analysts predict that Carnival Corp will post $3.69 earnings per share for the current year. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.78 billion. Finally, Wells Fargo & Co restated an "overweight" rating on shares of Carnival Corp in a research report on Friday, December 23rd.

Carnival Corp (NYSE:CCL) updated its second quarter earnings guidance on Tuesday. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. Carnival Corp had a net margin of 16.96% and a return on equity of 11.35%. The business had revenue of $3.79 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period past year, the business earned $0.39 EPS.

Media headlines about Carnival Corp (NYSE:CCL) have trended somewhat positive this week, AlphaOne reports. Stifel Nicolaus increased their price target on Carnival Corp from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, March 22nd. Credit Suisse Group AG reissued an "outperform" rating and issued a $59.00 price target on shares of Carnival Corp in a report on Wednesday, December 21st.

27/04/2016 - Carnival had its "Hold" rating reiterated by analysts at Jefferies. Argus raised Carnival Corp from a hold rating to a buy rating and raised their price objective for the company from $56.03 to $64.00 in a research report on Monday, February 27th.

The newest analyst ratings which are still in issue on Thursday 20th of April state n/a analysts have a rating of "strong buy", n/a analysts "buy", n/a analysts "neutral", n/a analysts "sell" and n/a analysts "strong sell". The stock gained 2.19% in total of its share price. Following the sale, the insider now directly owns 195,128 shares in the company, valued at approximately $10,332,027.60. Also, Director Sir Jonathon Band sold 6,276 shares of the firm's stock in a transaction on Wednesday, January 18th. It opened the session with a $57.77 price tag, later ranging from $57.425 to $58.34, the range at which the stock has traded at throughout the day. The disclosure for this sale can be found here. CCL has P/E (Price to Earnings ttm) value of 14.43, Forward P/E of 13.75, P/C (Price to cash per share) of 96.75 and Price to Free Cash Flow (P/FCF) value of 37.58.

Several research firms have recently weighed in on CCL. Advisor Group Inc. raised its stake in Carnival Corporation by 21.0% in the third quarter. In the last ninety days, insiders have sold 171,468 shares of company stock valued at $9,405,373. Carnival Corp earned a news impact score of 0.04 on AlphaOne's scale. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. For trailing twelve months, EPS value for the stock is $4.05. Norges Bank bought a new position in Carnival Corp during the fourth quarter valued at about $222,852,000. Finally, Capital World Investors raised its position in shares of Carnival Corp by 1,172.4% in the third quarter.

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ILLEGAL ACTIVITY WARNING: This report was first reported by BBNS and is the property of of BBNS. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/17/carnival-corp-ccl-receives-daily-media-impact-rating-of-0-04.html. The highest sales estimate is $3.89 billion and the lowest is $3.84 billion. The company's 50-day moving average is $57.53 and its 200 day moving average is $53.14. Carnival Corp has a 12-month low of $42.94 and a 12-month high of $60.24. Carnival Corp also was the target of some unusual options trading on Monday. Traders purchased 1,108 call options on the company. This represents an increase of 343% compared to the average volume of 250 call options.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be issued a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 24th.

On 7/18/2013 Carnival Corp announced a quarterly dividend of $0.25 2.73% with an ex dividend date of 8/21/2013 which will be payable on 9/13/2013. This represents a $1.60 annualized dividend and a dividend yield of 2.74%.

On 4/23/2014 Carnival Corp announced a quarterly dividend of $0.25 2.67% with an ex dividend date of 5/21/2014 which will be payable on 6/13/2014.

Carnival Corporation (CCL) now has a consensus Price Target of $63.15.

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