Equities analysts expect Carnival Corporation (NYSE:CCL) to report earnings of $0.51 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Carnival Corporation’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.49. Carnival Corporation reported earnings per share of $0.67 during the same quarter last year, which indicates a negative year-over-year growth rate of 23.9%. The company is expected to announce its next quarterly earnings results on Tuesday, December 19th.

According to Zacks, analysts expect that Carnival Corporation will report full year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.72. For the next fiscal year, analysts anticipate that the company will report earnings of $4.25 per share, with EPS estimates ranging from $4.09 to $4.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Carnival Corporation.

Carnival Corporation (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. Carnival Corporation’s quarterly revenue was up 8.2% on a year-over-year basis.

A number of research analysts have commented on the stock. Instinet reaffirmed a “buy” rating and issued a $75.00 target price on shares of Carnival Corporation in a research report on Monday, October 2nd. Nomura reaffirmed a “buy” rating and issued a $75.00 target price on shares of Carnival Corporation in a research report on Friday, September 29th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Argus reaffirmed a “neutral” rating and issued a $67.00 target price (down previously from $78.00) on shares of Carnival Corporation in a research report on Thursday, September 28th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $61.00 target price (down previously from $62.00) on shares of Carnival Corporation in a research report on Wednesday, September 27th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.24.

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Carnival Corporation (NYSE CCL) opened at 65.88 on Monday. The stock has a market cap of $47.50 billion, a PE ratio of 17.92 and a beta of 0.71. The company’s 50 day moving average is $66.13 and its 200 day moving average is $64.82. Carnival Corporation has a 12 month low of $46.11 and a 12 month high of $69.89.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s dividend payout ratio is presently 43.72%.

In related news, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.41, for a total transaction of $6,127,771.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the sale, the insider now owns 150,860 shares in the company, valued at $10,110,637.20. The disclosure for this sale can be found here. 23.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. APG Asset Management N.V. increased its stake in Carnival Corporation by 60.6% in the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after purchasing an additional 872,800 shares during the last quarter. Foster & Motley Inc. increased its stake in Carnival Corporation by 12.8% in the third quarter. Foster & Motley Inc. now owns 41,755 shares of the company’s stock valued at $2,696,000 after purchasing an additional 4,740 shares during the last quarter. Oakbrook Investments LLC purchased a new position in Carnival Corporation in the third quarter valued at approximately $294,000. Meeder Asset Management Inc. increased its stake in Carnival Corporation by 7,457.9% in the third quarter. Meeder Asset Management Inc. now owns 66,358 shares of the company’s stock valued at $4,284,000 after purchasing an additional 65,480 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Carnival Corporation by 42.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,138,032 shares of the company’s stock valued at $138,054,000 after purchasing an additional 641,103 shares during the last quarter. Institutional investors own 77.34% of the company’s stock.

Carnival Corporation Company Profile

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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Earnings History and Estimates for Carnival Corporation (NYSE:CCL)

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