Carnival (CUK) Projected to Post Earnings on Friday

Carnival (NYSE:CUK) is anticipated to issue its results before the market opens on Friday, March 20th. Analysts expect the company to announce earnings of $0.1841 per share and revenue of $6.1301 billion for the quarter.

Carnival (NYSE:CUK) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.19 EPS for the quarter. The business had revenue of $6.33 billion for the quarter. Carnival had a net margin of 10.37% and a return on equity of 28.39%.

Carnival Stock Up 1.8%

NYSE:CUK opened at $25.07 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The company’s fifty day moving average price is $29.73 and its 200-day moving average price is $27.72. Carnival has a 1-year low of $13.65 and a 1-year high of $33.72. The firm has a market capitalization of $4.72 billion, a P/E ratio of 12.53 and a beta of 2.46.

Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, February 13th. Carnival’s dividend payout ratio is presently 7.50%.

Institutional Investors Weigh In On Carnival

A number of hedge funds have recently bought and sold shares of the stock. Voloridge Investment Management LLC boosted its stake in shares of Carnival by 4,622.5% in the 4th quarter. Voloridge Investment Management LLC now owns 803,443 shares of the company’s stock valued at $24,368,000 after buying an additional 786,430 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Carnival during the fourth quarter worth approximately $4,260,000. OLD Mission Capital LLC raised its holdings in Carnival by 125.9% in the fourth quarter. OLD Mission Capital LLC now owns 86,573 shares of the company’s stock valued at $2,626,000 after acquiring an additional 48,244 shares in the last quarter. KCM Capital Inc acquired a new stake in Carnival in the fourth quarter valued at approximately $36,648,000. Finally, Jump Financial LLC purchased a new position in Carnival in the fourth quarter worth approximately $557,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CUK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carnival in a research report on Monday, December 29th. Zacks Research upgraded Carnival to a “hold” rating in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Carnival Company Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.