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 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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