Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Carnival (CCL) Share Price

Headlines about Carnival (NYSE:CCL) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carnival earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.8435652529034 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Stifel Nicolaus increased their price target on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Susquehanna Bancshares increased their price target on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Monday, September 25th. Credit Suisse Group restated a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Finally, Instinet restated a “buy” rating and set a $75.00 price target on shares of Carnival in a report on Monday, October 2nd. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Carnival has an average rating of “Buy” and an average target price of $72.89.

Shares of Carnival (CCL) traded up $1.07 on Thursday, hitting $66.76. The company had a trading volume of 2,225,500 shares, compared to its average volume of 3,166,592. Carnival has a 12 month low of $51.70 and a 12 month high of $69.89. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. The company has a market cap of $47,910.00, a PE ratio of 18.60, a P/E/G ratio of 1.19 and a beta of 0.73.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $0.67 EPS. Carnival’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts anticipate that Carnival will post 4.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a $0.45 dividend. This is a positive change from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Wednesday, November 22nd. Carnival’s dividend payout ratio is presently 44.57%.

In related news, CEO Arnold W. Donald sold 90,903 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $67.41, for a total value of $6,127,771.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Arnold W. Donald sold 6,000 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $68.00, for a total value of $408,000.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,858,896. The disclosure for this sale can be found here. Insiders sold a total of 106,903 shares of company stock valued at $7,190,771 over the last three months. 23.80% of the stock is currently owned by insiders.

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Carnival Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Insider Buying and Selling by Quarter for Carnival (NYSE:CCL)

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