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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/12/q3-2016-eps-estimates-for-carnival-corp-ccl-lifted-by-william-blair.html

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.

Receive News & Ratings for Carnival Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Carnival Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>