Carnival Corporation (NYSE:CCL) – Investment analysts at William Blair dropped their FY2017 earnings per share (EPS) estimates for Carnival in a research note issued to investors on Monday. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $3.66 for the year, down from their prior estimate of $3.69. William Blair also issued estimates for Carnival’s Q4 2017 earnings at $0.47 EPS, Q1 2018 earnings at $0.38 EPS, Q3 2018 earnings at $2.52 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $4.26 EPS and FY2019 earnings at $4.77 EPS.

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

Several other analysts have also issued reports on the company. Zacks Investment Research raised Carnival from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Tuesday, September 5th. Credit Suisse Group lowered Carnival from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $78.00 to $70.00 in a research note on Friday, September 15th. BidaskClub raised Carnival from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Deutsche Bank reaffirmed a “hold” rating and issued a $61.00 price objective (down from $62.00) on shares of Carnival in a research note on Wednesday, September 27th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of Carnival in a research note on Tuesday, August 15th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival currently has a consensus rating of “Buy” and an average price target of $67.73.

Shares of Carnival (CCL) opened at $67.03 on Tuesday. The stock has a market capitalization of $35,852.79, a price-to-earnings ratio of 17.33, a PEG ratio of 1.19 and a beta of 0.73. Carnival has a 1-year low of $50.77 and a 1-year high of $69.89. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. This is an increase from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival’s dividend payout ratio (DPR) is 43.72%.

In other news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the completion of the transaction, the chief executive officer now directly owns 115,572 shares in the company, valued at $7,561,875.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 100,903 shares of company stock valued at $6,782,771 over the last 90 days. 23.80% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC increased its holdings in Carnival by 200.0% in the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after purchasing an additional 38 shares in the last quarter. Vantage Financial Partners Ltd. Inc. bought a new stake in Carnival in the second quarter worth approximately $289,000. Almanack Investment Partners LLC. bought a new stake in Carnival in the second quarter worth approximately $117,000. Grove Bank & Trust increased its holdings in shares of Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Carnival by 109.4% during the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after acquiring an additional 1,368 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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About Carnival

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.

Earnings History and Estimates for Carnival (NYSE:CCL)

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