Carnival Corporation (NYSE:CUK - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.59 and last traded at $26.78, with a volume of 4606293 shares traded. The stock had previously closed at $27.20.
Carnival Price Performance
The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 14.23 and a beta of 2.70. The company has a 50-day moving average price of $21.33 and a 200-day moving average price of $20.77. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.
Carnival (NYSE:CUK - Get Free Report) last posted its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The company had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.21 billion. On average, equities research analysts expect that Carnival Corporation will post 1.7 EPS for the current fiscal year.
Hedge Funds Weigh In On Carnival
Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Carnival by 51.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock valued at $46,000 after purchasing an additional 615 shares in the last quarter. Legal & General Group Plc lifted its stake in Carnival by 106.2% in the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock valued at $156,000 after acquiring an additional 3,562 shares in the last quarter. First Trust Advisors LP bought a new stake in Carnival in the 4th quarter valued at approximately $202,000. Ameriprise Financial Inc. bought a new stake in Carnival in the 4th quarter valued at approximately $206,000. Finally, Squarepoint Ops LLC bought a new stake in Carnival in the 4th quarter valued at approximately $217,000. Institutional investors own 23.80% of the company's stock.
About Carnival
(
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Carnival Plc operates as a global cruise and vacation company. The firm offers holiday and vacation products to a customer base that is broadly varied in terms of cultures, languages and leisure-time preferences. It operates through the North America and Australia (NAA), Europe and Asia (EA), Cruise Support, and Tour and Other segments.
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