Equities research analysts forecast that Carnival Corp (NYSE:CCL) will report $6.21 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Carnival’s earnings, with the lowest sales estimate coming in at $5.97 billion and the highest estimate coming in at $6.60 billion. Carnival posted sales of $5.84 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The company is expected to announce its next quarterly earnings results on Thursday, September 26th.
According to Zacks, analysts expect that Carnival will report full-year sales of $20.34 billion for the current fiscal year, with estimates ranging from $19.96 billion to $21.16 billion. For the next fiscal year, analysts anticipate that the business will post sales of $21.84 billion, with estimates ranging from $21.27 billion to $22.84 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Carnival.
Carnival (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.49 billion. Carnival had a return on equity of 12.15% and a net margin of 15.09%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS.
In other news, CEO Arnold W. Donald bought 22,050 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average cost of $45.23 per share, for a total transaction of $997,321.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Randall J. Weisenburger bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average price of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. Company insiders own 24.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Manchester Financial Inc. bought a new stake in shares of Carnival during the second quarter worth $26,000. Doyle Wealth Management bought a new stake in Carnival in the second quarter valued at $26,000. Advisory Alpha LLC bought a new stake in Carnival in the first quarter valued at $29,000. Stonebridge Capital Advisors LLC bought a new stake in Carnival in the second quarter valued at $29,000. Finally, Peddock Capital Advisors LLC bought a new stake in Carnival in the first quarter valued at $35,000. Hedge funds and other institutional investors own 75.18% of the company’s stock.
CCL opened at $49.23 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. Carnival has a 12 month low of $42.42 and a 12 month high of $67.69. The company has a fifty day simple moving average of $45.59 and a 200 day simple moving average of $50.49. The stock has a market cap of $26.15 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.18 and a beta of 1.09.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were paid a $0.50 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.00 annualized dividend and a yield of 4.06%. Carnival’s dividend payout ratio (DPR) is currently 46.95%.
Carnival Company Profile
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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