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. Shareholders 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 yield of 2.40%. The ex-dividend date is Wednesday, August 23rd. View Carnival Corporation's Dividend History.

Carnival Corporation announced that its board has authorized a stock repurchase program on Monday, April 24th 2017, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Carnival Corporation (NYSE:CCL) posted its quarterly earnings data on Thursday, June, 22nd. The company reported $0.52 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.49 EPS. 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 updated its FY17 earnings guidance on Thursday, June, 22nd. The company provided earnings per share guidance of $3.60-3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.71. Carnival Corporation also updated its Q3 guidance to $2.16-2.20 EPS.

22 analysts have issued 1 year price objectives for Carnival Corporation's stock. Their predictions range from $46.00 to $75.00. On average, they expect Carnival Corporation's share 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 posted second-quarter fiscal 2017 earnings of $0.52, which topped the Zacks Consensus Estimate by 10.6% and rose 6.1% year over year. Meanwhile, revenues came in at $3.95 billion, nearly 2% above the consensus mark and also increased 6.5% year over year, buoyed by Carnival’s efforts to drive demand. The company believes that it is well positioned for continued earnings growth, given the current strength in its bookings. Notably, Carnival shares have outperformed the Zacks categorized Leisure & Recreation Services industry year to date. Going forward, brand-building efforts, new onboard product offerings coupled with various strategic initiatives are expected to drive onboard yield gains. Also, its strategy to grow beyond familiar itineraries and capitalize on fast growing markets like Asia and Cuba bode well. However, negative currency translation along with macroeconomic issues in key operating regions remain potent headwinds." (7/12/2017)
• 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), Charter Communications (CHTR), Netflix (NFLX), Time Warner (TWX), Grupo Televisa S.A. (TV), Twenty-First Century Fox (FOXA), Twenty-First Century Fox (FOX), Sony Corp Ord (SNE), Las Vegas Sands Corp. (LVS), Carnival Corporation (CUK), Activision Blizzard (ATVI), Adidas AG (ADDYY), Nintendo (NTDOY), Nintendo Co., Ltd (NTDOY), Marriott International (MAR), Sands China (SCHYY), Electronic Arts (EA) and Liberty Global PLC (LBTYA).

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 retail and institutional investors. Top institutional investors include APG Asset Management N.V. (0.20%), Acadian Asset Management LLC (0.17%), Russell Investments Group Ltd. (0.16%), Bank of Montreal Can (0.16%), DnB Asset Management AS (0.13%) and Rockefeller Financial Services Inc. (0.10%). 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 Bank of Montreal Can, Trinity Street Asset Management LLP, Quantitative Systematic Strategies LLC, Exxonmobil Investment Management Inc. TX, First Citizens Bank & Trust Co., Sentinel Trust Co. LBA, PGGM Investments and Gradient Investments LLC. 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 Acadian Asset Management LLC, Rockefeller Financial Services Inc., Ardevora Asset Management LLP, Russell Investments Group Ltd., James Investment Research Inc., Westwood Management Corp IL, Pennsylvania Trust Co and First American Bank. 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 $66.70.