Shares of Carnival Corporation (NYSE:CUK - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.59 and last traded at $26.78, with a volume of 4606293 shares. The stock had previously closed at $27.20.
Carnival Price Performance
The firm has a market capitalization of $4.94 billion, a P/E ratio of 14.19 and a beta of 2.70. The business has a fifty day moving average of $21.90 and a 200-day moving average of $20.87. 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 released its quarterly 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. The company had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.21 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. On average, sell-side analysts forecast that Carnival Corporation will post 1.7 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its holdings in shares of Carnival by 51.1% in the second quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock valued at $46,000 after acquiring an additional 615 shares in the last quarter. Legal & General Group Plc boosted its stake in Carnival by 106.2% during the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock valued at $156,000 after purchasing an additional 3,562 shares in the last quarter. First Trust Advisors LP bought a new position in Carnival during the 4th quarter valued at $202,000. Ameriprise Financial Inc. bought a new position in Carnival during the fourth quarter valued at about $206,000. Finally, Squarepoint Ops LLC bought a new position in Carnival during the fourth quarter valued at about $217,000. 23.80% of the stock is currently owned by institutional investors.
About Carnival
(
Get Free Report)
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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