Carnival (NYSE:CUK - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, Zacks reports. Carnival had a return on equity of 26.53% and a net margin of 8.07%.
Carnival Trading Up 9.0%
NYSE:CUK opened at $23.51 on Tuesday. Carnival has a 12 month low of $12.65 and a 12 month high of $26.14. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 15.79 and a beta of 2.67. The company has a quick ratio of 0.21, a current ratio of 0.26 and a debt-to-equity ratio of 2.78. The company's 50 day moving average is $19.51 and its 200-day moving average is $20.62.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Carnival stock. Royal Bank of Canada increased its stake in shares of Carnival Corporation (NYSE:CUK - Free Report) by 1,202.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,305 shares of the company's stock after acquiring an additional 73,217 shares during the quarter. Royal Bank of Canada's holdings in Carnival were worth $1,391,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 23.80% of the company's stock.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Carnival, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carnival wasn't on the list.
While Carnival currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
