Carnival (CCL) Releases FY19 Earnings Guidance

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Carnival (NYSE:CCL) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.50-4.80 for the period, compared to the Thomson Reuters consensus estimate of $4.70. Carnival also updated its Q1 guidance to $0.40-0.44 EPS.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Carnival from a sell rating to a hold rating in a research report on Wednesday. Cleveland Research upgraded Carnival from a neutral rating to a buy rating in a research report on Monday. Wolfe Research set a $73.00 price target on Carnival and gave the company a buy rating in a research report on Tuesday, December 11th. Credit Suisse Group set a $76.00 price target on Carnival and gave the company a buy rating in a research report on Tuesday, November 20th. Finally, ValuEngine upgraded Carnival from a sell rating to a hold rating in a research report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Carnival has a consensus rating of Buy and an average target price of $72.93.

Carnival stock opened at $55.01 on Thursday. The stock has a market cap of $29.61 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.86 and a beta of 1.02. Carnival has a 52 week low of $53.47 and a 52 week high of $72.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.22 and a quick ratio of 0.17.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Thursday, September 27th. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. As a group, sell-side analysts forecast that Carnival will post 4.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 23rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Wednesday, November 21st. Carnival’s dividend payout ratio is presently 52.36%.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of Carnival stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $64.26, for a total transaction of $449,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.80% of the company’s stock.

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About Carnival

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

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Earnings History and Estimates for Carnival (NYSE:CCL)

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