Carnival (NYSE:CCL) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.31. Carnival also updated its Q2 guidance to $0.56-0.60 EPS.
A number of analysts recently weighed in on the stock. Barclays upgraded shares of Carnival from an equal weight rating to an overweight rating in a report on Friday. ValuEngine upgraded shares of Carnival from a hold rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Carnival from a hold rating to a sell rating in a research report on Tuesday, November 28th. Stifel Nicolaus upped their price target on shares of Carnival from $79.00 to $80.00 and gave the company a buy rating in a research report on Wednesday, December 20th. Finally, SunTrust Banks restated a buy rating and issued a $84.00 price target (up previously from $72.00) on shares of Carnival in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $73.90.
Shares of Carnival (NYSE CCL) opened at $66.20 on Friday. Carnival has a 12-month low of $57.39 and a 12-month high of $72.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. The stock has a market cap of $35,821.54, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80.
Carnival (NYSE:CCL) last released its earnings results on Thursday, March 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.09. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. equities analysts expect that Carnival will post 4.3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were given a $0.45 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%. Carnival’s payout ratio is 22.28%.
In other news, CEO Arnold W. Donald sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $68.00, for a total transaction of $204,000.00. Following the transaction, the chief executive officer now owns 132,376 shares in the company, valued at approximately $9,001,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $66.41, for a total transaction of $332,050.00. Following the transaction, the chief executive officer now owns 132,376 shares in the company, valued at approximately $8,791,090.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 333,364 shares of company stock valued at $22,422,561. Insiders own 23.80% of the company’s stock.
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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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