Carnival Corporation Company Profile (NYSE:CCL)

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

Carnival Corporation declared a quarterly dividend on Wednesday, July 19th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.40 per share on Friday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, August 23rd. View Carnival Corporation's Dividend History.

Carnival Corporation declared that its board has initiated a stock buyback plan on Monday, April 24th 2017, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Carnival Corporation (NYSE:CCL) announced its earnings results on Thursday, June, 22nd. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm earned $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. View Carnival Corporation's Earnings History.

Carnival Corporation is scheduled to release their next quarterly earnings announcement on Monday, September, 25th 2017. View Earnings Estimates for Carnival Corporation.

Carnival Corporation issued an update on its FY17 earnings guidance on Thursday, June, 22nd. The company provided earnings per share (EPS) guidance of $3.60-3.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.71. Carnival Corporation also updated its Q3 guidance to $2.16-2.20 EPS.

22 brokerages have issued 1 year price targets for Carnival Corporation's shares. Their forecasts range from $46.00 to $75.00. On average, they anticipate Carnival Corporation's stock price to reach $61.12 in the next twelve months. View Analyst Ratings for Carnival Corporation.

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

• 1. According to Zacks Investment Research, "Carnival shares have outpaced the industry in the past one year. Given burgeoning demand for cruise travel in 2017, the 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. Notably, its brand building efforts together with other marketing activities are driving bookings. 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. However, adverse forex translations, higher costs along with macroeconomic issues in key operating regions remain headwinds. A potential increase in fuel costs can also hamper its profitability." (8/1/2017)
• 2. 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)

Some companies that are related to Carnival Corporation include Nike (NKE), Time Warner (TWX), Netflix (NFLX), Grupo Televisa S.A. (TV), Twenty-First Century Fox (FOXA), Carnival Corporation (CUK), Twenty-First Century Fox (FOX), Sony Corp Ord (SNE), Las Vegas Sands Corp. (LVS), Naspers Limited (NPSNY), Activision Blizzard (ATVI), Marriott International (MAR), Sands China (SCHYY), Electronic Arts (EA), Liberty Global PLC (LBTYA), Liberty Global PLC (LBTYK), Panasonic (PCRFY) and Rogers Communication (RCI).

Carnival Corporation's management team includes the folowing people:

• Micky Meir Arison, Chairman of the Board
• Arnold W. Donald, President, Chief Executive Officer, Director
• David Bernstein, Chief Financial Officer, Chief Accounting Officer
• Roger Chen, Chairman in China
• David K. Dingle, Chairman - Carnival UK
• Stein Kruse, Chief Executive Officer of Holland America Group
• David Michael Noyes, Chief Executive Officer of Carnival UK
• Tara Russell, President of Fathom and Global Impact Lead of Carnival Corporation & plc
• Michael Olaf Thamm, Chief Executive Officer of Costa Group and Carnival Asia
• Josh Weinstein, President, Carnival UK

Carnival Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Suntrust Banks Inc. (5.33%), Vanguard Group Inc. (3.99%), BlackRock Inc. (3.93%), Northern Trust Corp (3.58%), State Street Corp (2.39%) and Capital International Investors (1.58%). Company insiders that own Carnival Corporation 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 Corporation.

Carnival Corporation's stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, State of New Jersey Common Pension Fund D, State Street Corp, American Century Companies Inc., Ontario Teachers Pension Plan Board, Jennison Associates LLC, Bank of New York Mellon Corp and Capital International Investors. Company insiders that have sold Carnival Corporation 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 Corporation.

Carnival Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Janus Henderson Group PLC, Numeric Investors LLC, Robeco Institutional Asset Management B.V., Acadian Asset Management LLC, Vanguard Group Inc., Northwestern Mutual Investment Management Company LLC and TIAA CREF Investment Management LLC. View Insider Buying and Selling for Carnival Corporation.

Shares of Carnival Corporation 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 Corporation stock can currently be purchased for approximately $68.50.