Somewhat Positive News Coverage Somewhat Unlikely to Impact Carnival Corporation (CCL) Share Price
Media headlines about Carnival Corporation (NYSE:CCL) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of 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 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.7851420476844 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Provincetown Lights Up The Night! (prweb.com)
- Carnival Cruise Line : Transforming Onboard Shopping Experience With Renovated Spaces, Sought-After Items From Top Brands (4-traders.com)
- Carnival Corporation (NYSE: CCL) – Hot Stock’s Alert – Alpha Beta Stock (alphabetastock.com)
- Carnival Corporation (CUK) Ex-Dividend Date Scheduled for November 22, 2017 – Nasdaq (nasdaq.com)
- Carnival Cruise Line Transforming Onboard Shopping Experience With Renovated Spaces, Sought-After Items From Top Brands (finance.yahoo.com)
Several research firms have commented on CCL. Zacks Investment Research upgraded shares of Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Tuesday, September 5th. UBS AG reiterated a “buy” rating and issued a $76.00 price objective (up previously from $67.00) on shares of Carnival Corporation in a research note on Thursday, August 17th. Credit Suisse Group lowered shares of Carnival Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $78.00 to $70.00 in a research note on Friday, September 15th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of Carnival Corporation in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Carnival Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.43.
Carnival Corporation (NYSE:CCL) traded up $0.87 during trading on Wednesday, reaching $67.00. 2,307,500 shares of the company were exchanged, compared to its average volume of 3,166,493. Carnival Corporation has a fifty-two week low of $49.73 and a fifty-two week high of $69.89. The stock has a market cap of $35,434.83, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the business earned $1.92 EPS. Carnival Corporation’s revenue was up 8.2% compared to the same quarter last year. equities research analysts anticipate that Carnival Corporation will post 3.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.69%. This is an increase from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s dividend payout ratio (DPR) is presently 43.72%.
In other Carnival Corporation news, CEO Arnold W. Donald sold 90,903 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of Carnival Corporation stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,561,875.96. The disclosure for this sale can be found here. 23.80% of the stock is owned by company 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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