Carnival (NYSE:CCL) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.56-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.53. Carnival also updated its FY18 guidance to $4.20-4.40 EPS.
A number of analysts recently commented on CCL shares. Deutsche Bank set a $71.00 price target on Carnival and gave the stock a hold rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on Carnival from $75.00 to $77.00 and gave the company a neutral rating in a research note on Friday. Barclays upgraded Carnival from an equal weight rating to an overweight rating and set a $77.00 price target for the company in a research report on Friday. Stifel Nicolaus lifted their price target on Carnival from $80.00 to $81.00 and gave the company a buy rating in a research report on Monday, March 19th. Finally, Credit Suisse Group set a $80.00 price target on Carnival and gave the company a buy rating in a research report on Sunday, February 25th. Seven analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $74.33.
CCL stock opened at $64.41 on Friday. Carnival has a 52-week low of $57.39 and a 52-week high of $72.70. 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 company has a market capitalization of $35,362.16, a PE ratio of 17.65, a P/E/G ratio of 1.09 and a beta of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, February 22nd. Carnival’s payout ratio is 21.92%.
In other news, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $1,009,903.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Insiders sold a total of 333,364 shares of company stock valued at $22,422,561 over the last quarter. Company 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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