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.

A number of brokerages recently weighed in on CCL. Stifel Nicolaus boosted their price objective on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Susquehanna Bancshares boosted their price objective on shares of Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Carnival from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Thursday, September 21st. Credit Suisse Group restated a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Finally, Instinet restated a “buy” rating and issued a $75.00 price objective on shares of Carnival in a report on Monday, October 2nd. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $72.89.

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.

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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.

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Earnings History and Estimates for Carnival (NYSE:CCL)

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