Carnival Corporation (NYSE:CUK - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.92 and traded as high as $26.70. Carnival shares last traded at $26.40, with a volume of 1,646,681 shares traded.
Carnival Stock Up 0.4%
The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The business's 50 day simple moving average is $22.93 and its 200 day simple moving average is $21.02. The company has a market capitalization of $5.07 billion, a PE ratio of 14.57 and a beta of 2.70.
Carnival (NYSE:CUK - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating 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%. As a group, analysts anticipate that Carnival Corporation will post 1.7 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in Carnival in the 2nd quarter valued at $44,000. Parallel Advisors LLC grew its stake in Carnival by 51.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,819 shares of the company's stock valued at $46,000 after acquiring an additional 615 shares during the last quarter. GAMMA Investing LLC grew its stake in Carnival by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,862 shares of the company's stock valued at $99,000 after acquiring an additional 1,075 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Carnival by 106.2% during the 4th quarter. Legal & General Group Plc now owns 6,917 shares of the company's stock worth $156,000 after purchasing an additional 3,562 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Carnival in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 23.80% of the company's stock.
Carnival Company Profile
(
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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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