Headlines about Carnival Corporation (NYSE:CCL) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carnival Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.8426938359927 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- 8 Apple iPhone 8 Alternatives To Buy That Are Also Apple (finance.yahoo.com)
- Clinical Psychologist Dr. Shefali Tsabary and Author Tim Storey to Headline the Nov. 29, 2017, O, The Oprah Magazine Adventure of Your Life Caribbean Cruise (finance.yahoo.com)
- Seabourn Announces New “Extended Explorations” Sailings Showcasing More Of Our Extraordinary Worlds In 2018 & 2019 (finance.yahoo.com)
- Norwegian Cruise Line Tops Q2 Estimates, Guides Full-Year Views Higher – Investor’s Business Daily (investors.com)
- Carnival Corp Rises 1.00% on Heavy Volume: Watch For Potential Pullback (mysmartrend.com)
Several equities analysts have recently commented on the company. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.20 target price on shares of Carnival Corporation in a research report on Monday, July 24th. BidaskClub downgraded Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised Carnival Corporation from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, August 1st. KeyCorp downgraded Carnival Corporation to an “overweight” rating in a research report on Thursday, July 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $66.00 target price (up previously from $61.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.06.
Carnival Corporation (NYSE:CCL) traded up 0.19% during midday trading on Wednesday, reaching $68.16. The company’s stock had a trading volume of 4,229,864 shares. Carnival Corporation has a 12 month low of $44.11 and a 12 month high of $68.54. The stock has a 50-day moving average price of $66.35 and a 200 day moving average price of $60.78. The company has a market cap of $49.35 billion, a PE ratio of 18.03 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts expect that Carnival Corporation will post $3.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.35%. The ex-dividend date is Wednesday, August 23rd. Carnival Corporation’s payout ratio is 42.55%.
In other Carnival Corporation news, insider Alan Buckelew sold 15,000 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $67.52, for a total value of $1,012,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.80% of the stock is owned by company insiders.
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About Carnival Corporation
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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