$0.42 EPS Expected for Carnival Corporation (CCL) This Quarter
Equities research analysts predict that Carnival Corporation (NYSE:CCL) will announce earnings per share (EPS) of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Carnival’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.40. Carnival reported earnings per share of $0.38 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is scheduled to report its next earnings results on Tuesday, March 27th.
According to Zacks, analysts expect that Carnival will report full-year earnings of $4.25 per share for the current fiscal year, with EPS estimates ranging from $4.18 to $4.30. For the next year, analysts expect that the business will report earnings of $4.84 per share, with EPS estimates ranging from $4.69 to $5.00. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Carnival.
Carnival (NYSE:CCL) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the business earned $0.67 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis.
Shares of Carnival (CCL) traded down $0.55 during midday trading on Thursday, reaching $66.30. 3,790,000 shares of the company were exchanged, compared to its average volume of 3,080,000. Carnival has a 52 week low of $52.65 and a 52 week high of $69.89. The stock has a market cap of $47,500.00, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is 44.57%.
In other news, CEO Arnold W. Donald sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $68.00, for a total transaction of $408,000.00. Following the completion of the sale, the chief executive officer now owns 115,572 shares of the company’s stock, valued at approximately $7,858,896. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Bernstein sold 11,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $66.50, for a total transaction of $731,500.00. Following the sale, the chief financial officer now directly owns 30,443 shares of the company’s stock, valued at approximately $2,024,459.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,545 shares of company stock valued at $23,490,789. 23.80% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of CCL. Almanack Investment Partners LLC. bought a new position in Carnival in the 2nd quarter worth $117,000. Grove Bank & Trust boosted its holdings in Carnival by 367.8% in the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares during the period. Smithfield Trust Co. boosted its holdings in Carnival by 826.2% in the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after buying an additional 2,520 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in Carnival by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares during the period. Finally, Sun Life Financial INC boosted its holdings in Carnival by 23,315.4% in the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after buying an additional 3,031 shares during the period. 75.90% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This story was first posted by Marea Informative and is the sole property of of Marea Informative. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.mareainformativa.com/2018/01/30/0-42-eps-expected-for-carnival-corporation-ccl-this-quarter-updated-updated-updated.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.