Brokerage firms anticipate that Carnival Corporation (NYSE:CCL) to post $5.36 B in sales for the present period, Based on the information from Zacks Research. Five brokerage firms have issued forecasts for Carnival Corporation’s earnings, with the lowest sales estimate coming in at $5.29 B and the highest estimate coming in at $5.41 B. Carnival Corporation reported sales of $5.10 B throughout the same period previous year, which would signal a positive year-over-year growth rate of 5.1%. The corporation is scheduled to disclose its upcoming earnings for the period study on early Mon, Sep 25th.
Carnival Corporation (NYSE:CCL) previously issued its earnings report on Early Thur, Jun 22nd. The corporation posted $0.52 EPS (EPS) for the period, reaching the Thomson Reuters’ average forecast of $0.47 by $0.05. Carnival Corporation had a ROE of 11.29% and a net profit margin of 16.48%. the business reported sales of $3.95 B for the period, compared to analysts’ anticipations of $3.89 B. for the same period in the prior fiscal year, company earned $0.49 Earnings Per Share. Company’s end of quarter revenue went up 6.5% on a YOY basis.
According to Research firm Zacks, experts anticipate that Carnival Corporation will announce complete year sales of $5.36 B for the present fiscal year, with estimates between $17.01 B to $17.27 B. for the upcoming year, analysts expect that the company to post sales of $17.99 B for a share, with estimates between $17.74 B to $18.25 B. Research Firm Zacks Investment Research’s sales averages are a mean estimate based on a study of investment banking investment analysts that cover Carnival Corporation.
Quite a few brokerage firm analysts quite recently weighed in on CCL Stocks. Research firm Zacks lifted stocks of Carnival Corporation from a “sell” recommendation to a “hold” recommendation in a analysis report on Fri morning, Mar 10th. William Blair lifted shares of Carnival Corporation from a “market perform” recommendation to an “outperform” recommendation in a analysis report on Mon, Mar 20th. Wells Fargo & Company lifted shares of Carnival Corporation from a “market perform” recommendation to an “outperform” recommendation in a analysis report on Tue, Mar 21st. Stifel Nicolaus lifted the price target on stocks of Carnival Corporation from $62.00 to $65.00 and issued the shares a “buy” recommendation in a analysis report on Wed, Mar 22nd. Lastly, Wedbush lifted the price target on stocks of Carnival Corporation from $54.00 to $61.00 and issued the shares a “neutral” recommendation in a analysis report on Wed, Mar 29th. 1 equities equity analyst has recommended the share with a sell recommendation, eight have issued a hold recommendation and fourteen have issued a buy recommendation to The corporation. Carnival Corporation currently has a average recommendation of “Buy” and an average price objective of $60.08.
In associated news, Director Richard Glasier unloaded 6,000 stocks of Carnival Corporation shares in a trade on Early Thur, Apr 13th. The stock was unloaded at a price range of of $58.29, amounting to $349,740.00. after the closing of the transaction the director has an ownership of 26,684 company stock worth at roughly $1,555,410.36. The information was declared in a transaction filed with the securities and exchange commission, which can be accessed through the Security and Exchange Commission website. Also, Director Sir John Parker unloaded 19,965 stocks of Carnival Corporation shares in a trade on early Fri, Apr 28th. The stock was unloaded at a price range of of $60.98, amounting $1,217,465.70. after the closing of the transaction the director has an ownership of 22,798 company stock worth at roughly $1,390,222.04. 23.80% of the shares is presently held by executives.
Many high profile hedge funds purchased or disposed their positions in the share. Kentucky Retirement Systems bought a fresh position in Carnival Corporation in Q4 which is worth at about $1,584,000. Teachers Advisors boosted its position in Carnival Corporation by 5.8% in the Q4. Teachers Advisors has an ownership of 1,262,848 company stock worth at $65,744,000 after scooping up an extra 69,311 shares through out the previous quarter, UBS Asset Management Americas boosted its position in Carnival Corporation by 27.3% in the Q4. UBS Asset Management Americas has an ownership of 1,609,840 company stock worth at $83,810,000 after scooping up an extra 345,524 shares through out the previous quarter, Norges Bank bought a fresh position in Carnival Corporation in Q4 which is worth at about $222,852,000. Lastly, Assenagon Asset Management S.A. bought a fresh position in Carnival Corporation in Q4 which is worth at about $521,000. 78.81% of the shares is owned by large funds and investment firms.
Carnival Corporation (CCL) transacted up 1.48% through out intraday market trading on early Wed, reaching $66.01. the firms shares had a trading volume of 1,208,390 Stocks. Carnival Corporation has a 1 year low of $42.94 and a 1 year high of $66.48. the company has 50 day SMA of $63.28 along with a 200 – day SMA of $57.81. the share has a valuation of $47.79 B, a PE book ratio of 17.46 along with a stock beta of 0.77.
As of late the company also announced dividend for the quarter, to be paid on early Fri, Jun 16th. traders with a divided record date on Fri, May 26th were paid a $0.40 dividend. this indicates a $1.60 annual dividend and a payout of of 2.46%. The ex-dividend date of this dividend was Wed, May 24th. This is a gain from Carnival Corporation’s prior periodic dividend of $0.35. Carnival Corporation’s yield is presently 42.55%.
Carnival Corporation Company Profile
Carnival Corporation is a leisure travel company. The corporation is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The corporation operates in four segments: North America, EAA, Cruise Support and, Tour and Other. the firms North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.