Headlines about Carnival (NYSE:CCL) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Carnival earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.3881109679138 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- FEMA Agreed to Pay Carnival $74,700,000 for Charter of Carnival Fascination (cruiselawnews.com)
- Carnival’s (CCL) Expansion Efforts on Track, Costs Rise (finance.yahoo.com)
- Princess Cruises Debuts New Features and Upgrades Onboard Star Princess to Start Hawaii Season (finance.yahoo.com)
- Carnival Cruise Line Wants You To Choose Fun – PR Newswire (press release) (prnewswire.com)
- Top-notch Stocks to Watch: SM Energy Company (SM), Carnival Corporation (CCL) – Market Movers (financialqz.com)
Several research firms have recently commented on CCL. Credit Suisse Group raised Carnival from a “neutral” rating to an “outperform” rating and upped their target price for the company from $66.05 to $70.00 in a research report on Tuesday. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Deutsche Bank reaffirmed a “hold” rating and issued a $61.00 target price (down previously from $62.00) on shares of Carnival in a research report on Wednesday, September 27th. Stifel Nicolaus upped their target price on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $84.00 target price (up previously from $72.00) on shares of Carnival in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.78.
Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. sell-side analysts predict that Carnival will post 4.25 EPS 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 dividend of $0.45 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio is currently 44.57%.
In other Carnival news, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Insiders have sold 351,545 shares of company stock worth $23,490,789 in the last three months. 23.80% of the stock is currently owned by company insiders.
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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.
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