-$1.40 Earnings Per Share Expected for Carnival Co. & plc (NYSE:CCL) This Quarter

Brokerages forecast that Carnival Co. & plc (NYSE:CCL) will report ($1.40) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Carnival Co. &’s earnings, with the lowest EPS estimate coming in at ($1.62) and the highest estimate coming in at ($1.17). Carnival Co. & reported earnings of ($2.19) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 36.1%. The business is expected to issue its next earnings report on Thursday, October 14th.

On average, analysts expect that Carnival Co. & will report full year earnings of ($6.01) per share for the current fiscal year, with EPS estimates ranging from ($6.76) to ($5.28). For the next year, analysts expect that the company will post earnings of $0.31 per share, with EPS estimates ranging from ($0.97) to $0.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Carnival Co. &.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, June 28th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.61) by ($0.19). Carnival Co. & had a negative net margin of 6,471.63% and a negative return on equity of 38.85%. The firm had revenue of $50.00 million for the quarter, compared to analysts’ expectations of $128.88 million.

CCL has been the topic of a number of recent research reports. Citigroup boosted their price objective on Carnival Co. & from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Argus boosted their price objective on Carnival Co. & from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, June 11th. HSBC boosted their price objective on Carnival Co. & from $14.70 to $18.30 and gave the stock a “reduce” rating in a research note on Thursday, August 19th. Berenberg Bank upgraded Carnival Co. & from a “sell” rating to a “hold” rating in a research note on Wednesday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Carnival Co. & from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, June 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.19.

In other news, CFO David Bernstein sold 11,662 shares of the company’s stock in a transaction that occurred on Wednesday, July 14th. The stock was sold at an average price of $23.03, for a total transaction of $268,575.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.30% of the company’s stock.

Several large investors have recently bought and sold shares of CCL. Dimensional Fund Advisors LP grew its holdings in shares of Carnival Co. & by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,397,260 shares of the company’s stock valued at $95,255,000 after purchasing an additional 380,134 shares during the last quarter. US Bancorp DE grew its holdings in Carnival Co. & by 17.8% in the 1st quarter. US Bancorp DE now owns 25,192 shares of the company’s stock worth $669,000 after buying an additional 3,804 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Carnival Co. & by 43.6% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 127,557 shares of the company’s stock worth $3,385,000 after buying an additional 38,745 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Carnival Co. & by 44.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,437,466 shares of the company’s stock worth $64,690,000 after buying an additional 745,360 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in Carnival Co. & by 19.4% in the 1st quarter. Greenleaf Trust now owns 11,675 shares of the company’s stock worth $310,000 after buying an additional 1,897 shares in the last quarter. 52.60% of the stock is owned by institutional investors.

CCL stock traded down $0.11 during trading on Friday, reaching $22.75. 254,331 shares of the stock traded hands, compared to its average volume of 34,758,961. The business’s 50 day moving average price is $22.83 and its 200-day moving average price is $25.99. Carnival Co. & has a 52-week low of $12.11 and a 52-week high of $31.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.16 and a quick ratio of 1.13. The firm has a market capitalization of $22.15 billion, a PE ratio of -2.35 and a beta of 2.31.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise; Europe and Asia (EA) Cruise Operations; Cruise Support; and Tour and Others. The North America and Australia (NAA) Cruise segment includes Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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