Carnival Corporation (NYSE:CUK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.64 and traded as high as $26.19. Carnival shares last traded at $26.06, with a volume of 3,200,320 shares.
Carnival Trading Up 3.1%
The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $5.05 billion, a P/E ratio of 14.51 and a beta of 2.70. The firm's 50-day simple moving average is $20.52 and its 200 day simple moving average is $20.68.
Carnival (NYSE:CUK - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.21 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. Equities research analysts anticipate that Carnival Corporation will post 1.7 EPS for the current fiscal year.
Institutional Investors Weigh In On Carnival
Several hedge funds have recently modified their holdings of CUK. Jump Financial LLC acquired a new stake in shares of Carnival during the fourth quarter valued at approximately $1,701,000. BNP Paribas Financial Markets grew its position in Carnival by 3,456.4% during the 4th quarter. BNP Paribas Financial Markets now owns 33,288 shares of the company's stock worth $749,000 after purchasing an additional 32,352 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Carnival by 18.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,019 shares of the company's stock valued at $1,283,000 after purchasing an additional 8,974 shares during the period. Sei Investments Co. lifted its stake in Carnival by 183.6% in the 4th quarter. Sei Investments Co. now owns 158,191 shares of the company's stock worth $3,561,000 after acquiring an additional 102,413 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Carnival in the 4th quarter worth about $9,435,000. 23.80% of the stock is owned by hedge funds and other institutional investors.
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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