News stories about Carnival Corporation (NYSE:CCL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Carnival Corporation earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 60 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Carnival (CCL) is Cruising on Awesome Earnings and Demand – Investorplace.com (investorplace.com)
- Carnival, Royal Caribbean, and NCL Shouldn’t Worry About Disney’s New Ships – Madison.com (host.madison.com)
- Carnival Corporation (CCL) registers a price change of -0.63% while GameStop Corp. (GME) finishes with a flow of … – Stocks Gallery (stocksgallery.com)
- Is The Needle Ready to Move For Carnival Corp (CCL) Shares? – Evergreen Caller (evergreencaller.com)
- Seabourn Collection Available For A Limited Time At Molton Brown Stores (finance.yahoo.com)
Shares of Carnival Corporation (NYSE:CCL) opened at 67.02 on Tuesday. Carnival Corporation has a one year low of $44.11 and a one year high of $67.30. The firm has a 50 day moving average of $63.89 and a 200 day moving average of $58.40. The stock has a market cap of $48.52 billion, a P/E ratio of 17.73 and a beta of 0.75.
Carnival Corporation (NYSE:CCL) last announced its earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Carnival Corporation’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Carnival Corporation will post $3.74 EPS for the current fiscal year.
Carnival Corporation declared that its board has initiated a share repurchase plan on Friday, April 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several research analysts have weighed in on CCL shares. Instinet upped their target price on shares of Carnival Corporation from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. William Blair upgraded shares of Carnival Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Stifel Nicolaus lifted their price objective on shares of Carnival Corporation from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, March 29th. UBS AG reiterated a “buy” rating and issued a $67.00 target price on shares of Carnival Corporation in a research note on Monday, April 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $57.00 target price (up previously from $55.00) on shares of Carnival Corporation in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Carnival Corporation has an average rating of “Buy” and an average target price of $61.07.
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In other news, Director Sir John Parker sold 19,965 shares of the company’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $60.98, for a total value of $1,217,465.70. Following the completion of the sale, the director now directly owns 22,798 shares of the company’s stock, valued at approximately $1,390,222.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.80% of the company’s stock.
About Carnival Corporation
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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