Carnival Corp Company Profile (NYSE:CCL)

Carnival Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCL."

Carnival Corp declared a quarterly dividend on Monday, April 10th. Stockholders of record on Friday, May 26th will be given a dividend of $0.40 per share on Friday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Wednesday, May 24th. This is an increase from Carnival Corp's previous quarterly dividend of $0.35. View Carnival Corp's Dividend History.

Carnival Corp declared that its Board of Directors has initiated a share buyback program on Monday, April 24th 2017, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Carnival Corp (NYSE:CCL) issued its earnings results on Tuesday, March, 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The company earned $3.79 billion during the quarter, compared to analyst estimates of $3.78 billion. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. View Carnival Corp's Earnings History.

Carnival Corp is scheduled to release their next quarterly earnings announcement on Monday, June, 26th 2017. View Earnings Estimates for Carnival Corp.

Carnival Corp issued an update on its FY17 earnings guidance on Tuesday, March, 28th. The company provided earnings per share guidance of $3.50-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.61. Carnival Corp also updated its Q2 guidance to $0.43-0.47 EPS.

23 analysts have issued 12 month target prices for Carnival Corp's shares. Their forecasts range from $46.00 to $68.00. On average, they anticipate Carnival Corp's stock price to reach $57.28 in the next twelve months. View Analyst Ratings for Carnival Corp.

Here are some recent quotes from research analysts about Carnival Corp stock:

• 1. Stifel Nicolaus analysts commented, "We are slightly raising our current and out-year EPS estimates ahead of CCL's F1Q17 print. Our positive revisions are not solely reflective of anticipated outperformance in the reported F1Q17 results, rather we are removing some prior conservatism, particularly with respect to F3Q17, from our model to more accurately reflect the current robust global booking environment. We do not expect the print itself to prove overly material; however, we believe it could produce a narrowing of the FY17 EPS guidance range, by way of raising the low end, which could attract incremental interest from believers in the company's long-term outlook, in turn sending shares modestly higher post-Q. We reiterate our Buy rating on CCL shares and raise our target price to $65 ($62 prior; 15.3x FY18E EPS)." (3/22/2017)
• 2. According to Zacks Investment Research, "Carnival shares have outpaced the Zacks classified Leisure & Recreation Services industry in the past year. Given an expected increase in cruise travel throughout 2017, addition of new ships to its fleet bodes well. Carnival believes that it is well positioned for continued earnings growth, given the current strength in its bookings along with pricing trends for the year. Its strategy of growing beyond familiar itineraries and capitalizing on fast growing markets also bodes well. New onboard product offerings and strategic initiatives are expected to drive onboard yield gains. Cost containment efforts like lower fuel consumption could also aid profits. Estimates have been stable ahead of Carnival’s fiscal first quarter 2017 earnings release. It has a positive record of earnings surprises in the last four quarters. Yet, adverse forex translations, macroeconomic issues in key operating regions and increasing fuel costs remain headwinds." (3/20/2017)

Some companies that are related to Carnival Corp include Las Vegas Sands Corp. (LVS), Royal Caribbean Cruises Ltd (RCL), MGM Resorts International (MGM), Wynn Resorts, Limited (WYNN), Norwegian Cruise Line Holdings Ltd (NCLH), Vail Resorts (MTN), Marriott Vacations Worldwide Corp (VAC), Boyd Gaming (BYD), Caesars Acquisition Company (CACQ), Penn National Gaming (PENN), La Quinta Holdings (LQ), Eldorado Resorts (ERI), Pinnacle Entertainment (PNK), Monarch Casino & Resort (MCRI), Golden Entertainment (GDEN), Century Casinos (CNTY), Diamond Resorts International (DRII) and Isle of Capri Casinos (ISLE).

Carnival Corp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Suntrust Banks Inc. (5.31%), Vanguard Group Inc. (3.85%), BlackRock Inc. (3.85%), Bank of America Corp DE (3.42%), Primecap Management Co. CA (2.96%) and State Street Corp (2.48%). Company insiders that own Carnival Corp stock include Alan Buckelew, Arnaldo Perez, Arnold W Donald, David Bernstein, Larry R Freedman, Richard Glasier, Sir John Parker, Sir Jonathon Band and Stein Kruse. View Institutional Ownership Trends for Carnival Corp.

Carnival Corp's stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Platinum Investment Management Ltd., JPMorgan Chase & Co., Barrow Hanley Mewhinney & Strauss LLC, Henderson Group PLC, Bank of New York Mellon Corp, Russell Investments Group Ltd. and Nordea Investment Management AB. Company insiders that have sold Carnival Corp stock in the last year include Alan Buckelew, Arnaldo Perez, Arnold W Donald, David Bernstein, Richard Glasier, Sir John Parker and Sir Jonathon Band. View Insider Buying and Selling for Carnival Corp.

Carnival Corp's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ameriprise Financial Inc., Bank of America Corp DE, Vanguard Group Inc., Point72 Asset Management L.P., Morgan Stanley, American Century Companies Inc. and MARSHALL WACE ASIA Ltd. View Insider Buying and Selling for Carnival Corp.

Shares of Carnival Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Carnival Corp stock can currently be purchased for approximately $62.77.