FY2016 Earnings Estimate for Carnival Corp. (CCL) Issued By William Blair
Carnival Corp. (NYSE:CCL) – Equities researchers at William Blair increased their FY2016 earnings estimates for Carnival Corp. in a research report issued to clients and investors on Tuesday. William Blair analyst S. Zackfia now forecasts that the brokerage will post earnings of $3.37 per share for the year, up from their prior forecast of $3.36. William Blair also issued estimates for Carnival Corp.’s Q4 2016 earnings at $0.59 EPS, Q1 2017 earnings at $0.45 EPS, Q2 2017 earnings at $0.49 EPS, Q4 2017 earnings at $0.67 EPS and FY2018 earnings at $4.41 EPS.
Several other equities research analysts have also weighed in on the company. Wells Fargo & Co. reiterated a “buy” rating on shares of Carnival Corp. in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $54.00 price objective on shares of Carnival Corp. in a research note on Tuesday. Buckingham Research boosted their target price on Carnival Corp. from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 target price on shares of Carnival Corp. in a report on Tuesday. Finally, Nomura reduced their target price on Carnival Corp. from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $56.57.
Shares of Carnival Corp. (NYSE:CCL) traded up 0.48% during trading on Wednesday, hitting $48.58. The stock had a trading volume of 3,134,166 shares. The stock’s 50 day moving average is $46.47 and its 200 day moving average is $47.79. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 16.74 and a beta of 0.84. Carnival Corp. has a 52 week low of $40.52 and a 52 week high of $55.77.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings results on Monday, September 26th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.03. Carnival Corp. had a return on equity of 10.76% and a net margin of 15.10%. The company had revenue of $5.10 billion for the quarter. During the same quarter last year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Wednesday, August 24th. Carnival Corp.’s dividend payout ratio (DPR) is presently 42.94%.
A number of institutional investors have recently added to or reduced their stakes in CCL. Primecap Management Co. CA boosted its position in Carnival Corp. by 0.4% in the first quarter. Primecap Management Co. CA now owns 22,515,830 shares of the company’s stock worth $1,188,160,000 after buying an additional 100,400 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Carnival Corp. by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 12,146,131 shares of the company’s stock worth $536,859,000 after buying an additional 131,094 shares during the period. BlackRock Fund Advisors boosted its position in Carnival Corp. by 9.1% in the second quarter. BlackRock Fund Advisors now owns 5,376,313 shares of the company’s stock worth $237,633,000 after buying an additional 448,868 shares during the period. American Century Companies Inc. boosted its position in Carnival Corp. by 21.7% in the second quarter. American Century Companies Inc. now owns 4,199,272 shares of the company’s stock worth $185,608,000 after buying an additional 750,017 shares during the period. Finally, BlackRock Group LTD boosted its position in Carnival Corp. by 4.1% in the second quarter. BlackRock Group LTD now owns 3,866,114 shares of the company’s stock worth $170,881,000 after buying an additional 153,338 shares during the period. Hedge funds and other institutional investors own 77.99% of the company’s stock.
About Carnival Corp.
Carnival Corporation is a leisure travel company. The Company is a cruise company and provides vacations to cruise destinations throughout the world. The Company aggregates its approximately nine global, regional and national cruise brands into North America, and Europe, Australia & Asia (EAA) segments.
Receive News & Stock Ratings for Carnival Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corp. and related stocks with our FREE daily email newsletter.