Carnival Corp (NYSE:CCL) announced a quarterly dividend on Thursday, January 16th, RTT News reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.50 per share on Friday, March 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.93%.
Carnival has raised its dividend by an average of 14.0% per year over the last three years and has increased its dividend every year for the last 4 years. Carnival has a payout ratio of 46.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carnival to earn $4.87 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 41.1%.
Shares of Carnival stock traded up $0.33 during mid-day trading on Thursday, hitting $50.95. The stock had a trading volume of 168,789 shares, compared to its average volume of 4,401,010. The firm has a 50-day moving average of $48.07 and a two-hundred day moving average of $45.77. Carnival has a 12-month low of $39.92 and a 12-month high of $59.24. The company has a quick ratio of 0.18, a current ratio of 0.23 and a debt-to-equity ratio of 0.38. The firm has a market cap of $26.46 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14.
Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11. Carnival had a net margin of 14.36% and a return on equity of 12.29%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts expect that Carnival will post 4.55 earnings per share for the current year.
Several equities analysts have recently commented on CCL shares. Standpoint Research upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. HSBC lowered shares of Carnival from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $68.00 to $43.00 in a report on Monday, October 7th. William Blair restated a “buy” rating on shares of Carnival in a report on Friday, December 6th. Nomura decreased their price objective on shares of Carnival from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, Citigroup decreased their price objective on shares of Carnival from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.07.
Carnival Company Profile
Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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