Equities analysts expect that Carnival Corporation (NYSE:CCL) will post $4.16 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Carnival Corporation’s earnings, with the lowest sales estimate coming in at $4.14 billion and the highest estimate coming in at $4.23 billion. Carnival Corporation posted sales of $3.94 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, December 19th.

According to Zacks, analysts expect that Carnival Corporation will report full-year sales of $4.16 billion for the current year, with estimates ranging from $17.39 billion to $17.48 billion. For the next year, analysts anticipate that the firm will post sales of $18.40 billion per share, with estimates ranging from $18.11 billion to $18.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Carnival Corporation.

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

CCL has been the topic of a number of recent analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $73.20 price target on shares of Carnival Corporation in a report on Monday, July 24th. Zacks Investment Research cut Carnival Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut Carnival Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Carnival Corporation in a report on Tuesday, August 15th. Finally, UBS AG reaffirmed a “buy” rating and set a $76.00 price target (up previously from $67.00) on shares of Carnival Corporation in a report on Thursday, August 17th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Carnival Corporation presently has an average rating of “Buy” and a consensus price target of $67.43.

In other Carnival Corporation news, CEO Arnold W. Donald sold 5,000 shares of Carnival Corporation stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total value of $327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares in the company, valued at $7,561,875.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 23.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Almanack Investment Partners LLC. acquired a new position in Carnival Corporation in the second quarter worth approximately $117,000. Grove Bank & Trust grew its position in Carnival Corporation by 367.8% in the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares during the last quarter. Bessemer Group Inc. grew its position in Carnival Corporation by 109.4% in the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock worth $171,000 after buying an additional 1,368 shares during the last quarter. Smithfield Trust Co. grew its position in Carnival Corporation by 826.2% in the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after buying an additional 2,520 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in Carnival Corporation by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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Carnival Corporation (NYSE CCL) opened at $65.98 on Tuesday. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. Carnival Corporation has a 52 week low of $49.50 and a 52 week high of $69.89. The company has a market capitalization of $34,647.16, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75.

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

About Carnival Corporation

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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