Wall Street analysts expect that Carnival Corp (NYSE:CCL) will announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Carnival’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.47. Carnival posted earnings per share of $0.38 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, March 27th.
On average, analysts expect that Carnival will report full-year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.16 to $4.45. For the next financial year, analysts forecast that the company will post earnings of $4.88 per share, with EPS estimates ranging from $4.69 to $5.02. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Carnival.
Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating 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 business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.
In related news, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $4,039,682.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $66.41, for a total transaction of $332,050.00. Following the sale, the chief executive officer now directly owns 132,376 shares in the company, valued at approximately $8,791,090.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 336,364 shares of company stock worth $22,626,561. 23.80% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its stake in Carnival by 11.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 36,955 shares of the company’s stock valued at $2,453,000 after purchasing an additional 3,895 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Carnival by 5.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 64,289 shares of the company’s stock valued at $4,267,000 after acquiring an additional 3,597 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Carnival by 18.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 50,701 shares of the company’s stock valued at $3,364,000 after acquiring an additional 7,958 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Carnival by 0.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 238,058 shares of the company’s stock valued at $15,800,000 after acquiring an additional 2,133 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Carnival by 26.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,594 shares of the company’s stock valued at $637,000 after acquiring an additional 2,000 shares during the last quarter. 76.74% of the stock is currently owned by institutional investors.
Shares of Carnival (NYSE:CCL) traded down $0.11 during trading hours on Monday, reaching $67.36. 1,926,963 shares of the company’s stock traded hands, compared to its average volume of 2,960,000. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival has a twelve month low of $56.61 and a twelve month high of $72.70. The stock has a market capitalization of $47,870.00, a P/E ratio of 18.76, a P/E/G ratio of 1.13 and a beta of 0.79.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Thursday, February 22nd. Carnival’s payout ratio is 22.28%.
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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