Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Carnival Corporation (CCL) Stock Price
Media headlines about Carnival Corporation (NYSE:CCL) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Carnival Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6417787122927 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Carnival Corp. : CCL-US: Dividend Analysis : August 25th, 2017 (record date) : By the numbers : September 20, 2017 (finance.yahoo.com)
- Princess Cruises Donates $25,000 to the Alaska Wildlife Conservation Center (finance.yahoo.com)
- Carnival Corporation (CCL) has a value of $65.19 per share While Applied Industrial Technologies, Inc. (AIT) is … – Stocks Gallery (stocksgallery.com)
- Analyst’s Consensus to Buy Signal: Carnival Corporation (CCL) – Street Observer (press release) (streetobserver.com)
- Carnival Corporation (CCL)- Making Way Towards North with Performance Booster – NASDAQ Times (nasdaqtimes.com)
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Carnival Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday, August 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $62.00 price objective (up from $58.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Wedbush reaffirmed a “neutral” rating and issued a $66.00 price objective (up from $61.00) on shares of Carnival Corporation in a research note on Sunday, June 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 price objective (up from $68.00) on shares of Carnival Corporation in a research note on Friday, June 23rd. Eight research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $63.07.
Shares of Carnival Corporation (NYSE CCL) traded down 1.13% during midday trading on Wednesday, hitting $64.48. 3,798,102 shares of the company were exchanged. The firm’s 50 day moving average price is $67.69 and its 200 day moving average price is $63.59. The firm has a market capitalization of $46.68 billion, a price-to-earnings ratio of 17.05 and a beta of 0.74. Carnival Corporation has a one year low of $45.46 and a one year high of $69.89.
Carnival Corporation (NYSE:CCL) last issued its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. Carnival Corporation’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. Analysts forecast that Carnival Corporation will post $3.73 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 23rd. Carnival Corporation’s dividend payout ratio is presently 42.55%.
In related news, insider Alan Buckelew sold 15,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the transaction, the insider now directly owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.80% of the stock is owned by corporate insiders.
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About Carnival Corporation
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.
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