Published On: Mon, Sep 12th, 2016

Q3 2016 EPS Estimates for Carnival Corp. (CCL) Lifted by William Blair

Carnival Corp. (NYSE:CCL) – Analysts at William Blair boosted their Q3 2016 earnings per share (EPS) estimates for Carnival Corp. in a report issued on Wednesday. William Blair analyst S. Zackfia now anticipates that the brokerage will post earnings of $1.92 per share for the quarter, up from their previous forecast of $1.87. William Blair also issued estimates for Carnival Corp.’s FY2016 earnings at $3.36 EPS.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 28th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.10. Carnival Corp. had a return on equity of 10.37% and a net margin of 14.00%. The business had revenue of $3.70 billion for the quarter. During the same quarter in the previous year, the firm posted $0.25 EPS. Carnival Corp.’s revenue was up 3.2% on a year-over-year basis.
Several other equities analysts have also commented on the company. Sanford C. Bernstein started coverage on Carnival Corp. in a research note on Thursday. They issued a “market perform” rating and a $51.00 price target on the stock. Morgan Stanley lowered Carnival Corp. from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $54.00 to $48.00 in a research note on Friday, September 2nd. Zacks Investment Research lowered Carnival Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 8th. Wells Fargo & Co. reissued an “outperform” rating on shares of Carnival Corp. in a research note on Thursday, June 30th. Finally, Barclays PLC reissued a “hold” rating and set a $56.00 target price (down previously from $58.00) on shares of Carnival Corp. in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.35.

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Shares of Carnival Corp. (NYSE:CCL) opened at 44.37 on Monday. The firm has a market cap of $33.06 billion, a P/E ratio of 15.29 and a beta of 0.84. The company’s 50 day moving average price is $46.43 and its 200-day moving average price is $47.91. Carnival Corp. has a 12-month low of $40.52 and a 12-month high of $55.77.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 26th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 annualized dividend and a dividend yield of 3.16%. Carnival Corp.’s dividend payout ratio (DPR) is currently 48.44%.
Carnival Corp. Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.

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