Equities research analysts expect Carnival Corporation (NYSE:CCL) to post earnings per share of $0.42 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Carnival’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.40. Carnival posted earnings per share of $0.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The company is scheduled to issue its next quarterly earnings report on Tuesday, March 27th.

According to Zacks, analysts expect that Carnival will report full year earnings of $4.25 per share for the current fiscal year, with EPS estimates ranging from $4.18 to $4.30. For the next year, analysts anticipate that the company will post earnings of $4.84 per share, with EPS estimates ranging from $4.69 to $5.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Carnival.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.

Several equities research analysts have commented on the stock. ValuEngine raised shares of Carnival from a “hold” rating to a “buy” rating in a research report on Sunday. Instinet reaffirmed a “buy” rating and issued a $75.00 target price on shares of Carnival in a report on Monday, October 2nd. Nomura reaffirmed a “buy” rating and issued a $75.00 target price on shares of Carnival in a report on Friday, September 29th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Finally, Argus reaffirmed a “neutral” rating and issued a $67.00 target price (down from $78.00) on shares of Carnival in a report on Thursday, September 28th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Carnival presently has a consensus rating of “Buy” and an average price target of $72.89.

In related news, CEO Arnold W. Donald sold 90,903 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Arnold W. Donald sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $68.00, for a total transaction of $408,000.00. Following the completion of the transaction, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,858,896. The disclosure for this sale can be found here. In the last quarter, insiders sold 335,545 shares of company stock worth $22,424,789. 23.80% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in CCL. Alliancebernstein L.P. grew its position in shares of Carnival by 316.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after purchasing an additional 3,220,191 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Carnival by 115.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock worth $202,505,000 after purchasing an additional 1,655,345 shares in the last quarter. Numeric Investors LLC grew its position in shares of Carnival by 160.4% during the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock worth $158,421,000 after purchasing an additional 1,488,366 shares in the last quarter. Capital Growth Management LP bought a new stake in shares of Carnival during the 3rd quarter worth approximately $65,539,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Carnival by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock worth $1,896,255,000 after acquiring an additional 934,311 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.

Shares of Carnival (CCL) opened at $66.90 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. Carnival has a 52-week low of $52.24 and a 52-week high of $69.89. The company has a market cap of $47,930.00, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a $0.45 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio is 44.57%.

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Carnival 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 (NYSE:CCL)

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