Carnival (NYSE:CCL) will be releasing its earnings data before the market opens on Tuesday, December 19th. Analysts expect Carnival to post earnings of $0.60 per share for the quarter. Carnival has set its Q4 guidance at $0.44-0.50 EPS.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Carnival had a return on equity of 12.15% and a net margin of 15.53%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. On average, analysts expect Carnival to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Carnival (NYSE:CCL) opened at $65.95 on Friday. The company has a market capitalization of $34,925.79, a price-to-earnings ratio of 16.89, a PEG ratio of 1.16 and a beta of 0.73. Carnival has a 52 week low of $50.77 and a 52 week high of $69.89. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. Carnival’s payout ratio is 43.72%.

A number of brokerages recently commented on CCL. Zacks Investment Research cut Carnival from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Susquehanna Bancshares lifted their price objective 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 reaffirmed a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. Instinet reaffirmed a “buy” rating and set a $75.00 price objective on shares of Carnival in a research note on Monday, October 2nd. Finally, Nomura reaffirmed a “buy” rating and set a $75.00 price objective on shares of Carnival in a research note on Friday, September 29th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Carnival presently has a consensus rating of “Buy” and an average target price of $68.83.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were 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. Over the last three months, insiders sold 100,903 shares of company stock valued at $6,782,771. 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 for Carnival (NYSE:CCL)

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