Carnival (NYSE:CCL) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.37-0.41 for the period, compared to the Thomson Reuters consensus estimate of $0.47. Carnival also updated its FY18 guidance to $4.00-4.30 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Carnival from a buy rating to a hold rating in a research note on Friday, September 8th. Stifel Nicolaus increased their target price on Carnival from $79.00 to $80.00 and gave the stock a buy rating in a research note on Wednesday. Susquehanna Bancshares increased their target price on Carnival from $75.00 to $76.00 and gave the stock a positive rating in a research note on Monday, September 25th. Credit Suisse Group reissued a neutral rating on shares of Carnival in a research note on Thursday, September 28th. Finally, Instinet reissued a buy rating and set a $75.00 target price on shares of Carnival in a research note on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Carnival has an average rating of Buy and a consensus price target of $72.31.

Shares of Carnival (NYSE:CCL) opened at $67.70 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16. The stock has a market capitalization of $36,506.50, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.23 and a beta of 0.73. Carnival has a 12-month low of $51.70 and a 12-month high of $69.89.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Carnival had a return on equity of 11.90% and a net margin of 14.88%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company earned $0.67 EPS. Carnival’s revenue for the quarter was up 8.2% compared to the same quarter last year. equities research analysts expect that Carnival will post 4.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a positive change from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is 44.57%.

In other news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Arnold W. Donald sold 90,903 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $67.41, for a total value of $6,127,771.23. The disclosure for this sale can be found here. Insiders have sold a total of 100,903 shares of company stock worth $6,782,771 in the last three months. Corporate insiders own 23.80% of the company’s stock.

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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.

Earnings History and Estimates for Carnival (NYSE:CCL)

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