$0.60 EPS Expected for Carnival Corporation (CCL)

June 20, 2018 - By Christine McCrea

Carnival Corporation (NYSE:CCL) LogoInvestors sentiment decreased to 1.18 in 2018 Q1. Its down 0.04, from 1.22 in 2017Q4. It worsened, as 46 investors sold Carnival Corporation shares while 219 reduced holdings. 73 funds opened positions while 240 raised stakes. 394.90 million shares or 0.79% less from 398.04 million shares in 2017Q4 were reported.
Richard Bernstein Ltd invested in 0.12% or 52,717 shares. Commerzbank Aktiengesellschaft Fi holds 237,784 shares or 0.17% of its portfolio. Laurion Mgmt Limited Partnership holds 135,737 shares. 72,402 were accumulated by Pinebridge L P. Commerce Financial Bank holds 10,484 shares. Peak6 Invests L P accumulated 0.01% or 40,992 shares. Commonwealth Natl Bank Of Aus invested 0.04% of its portfolio in Carnival Corporation (NYSE:CCL). Caisse De Depot Et Placement Du Quebec accumulated 89,508 shares. Glenmede Na stated it has 0.03% of its portfolio in Carnival Corporation (NYSE:CCL). Cypress Mgmt Limited Liability Com holds 163,425 shares or 2.07% of its portfolio. Oregon Pub Employees Retirement Fund reported 164,174 shares. Cooke Bieler L P holds 1.46% or 1.19 million shares. Bp Public Limited Liability Co holds 0.11% or 48,000 shares in its portfolio. Keybank Natl Association Oh accumulated 5,535 shares. Zeke Advsrs Ltd Limited Liability Company holds 0.06% or 9,378 shares in its portfolio.

Since January 2, 2018, it had 0 insider buys, and 21 sales for $11.07 million activity. $412,341 worth of Carnival Corporation (NYSE:CCL) was sold by Bernstein David. GLASIER RICHARD sold $288,874 worth of stock or 4,234 shares. PEREZ ARNALDO had sold 10,369 shares worth $716,649 on Friday, January 12. The insider BAND SIR JONATHON sold 3,840 shares worth $267,226. Shares for $1.49 million were sold by KRUSE STEIN.

Analysts expect Carnival Corporation (NYSE:CCL) to report $0.60 EPS on June, 28.They anticipate $0.08 EPS change or 15.38 % from last quarter’s $0.52 EPS. CCL’s profit would be $428.53 million giving it 26.45 P/E if the $0.60 EPS is correct. After having $0.52 EPS previously, Carnival Corporation’s analysts see 15.38 % EPS growth. The stock decreased 1.52% or $0.98 during the last trading session, reaching $63.47. About 3.11 million shares traded. Carnival Corporation (NYSE:CCL) has risen 2.36% since June 20, 2017 and is uptrending. It has underperformed by 10.21% the S&P500.

Carnival Corporation (NYSE:CCL) Ratings Coverage

Among 11 analysts covering Carnival Corporation (NYSE:CCL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Carnival Corporation had 19 analyst reports since December 21, 2017 according to SRatingsIntel. Morgan Stanley maintained Carnival Corporation (NYSE:CCL) on Friday, February 2 with “Equal-Weight” rating. The stock has “Buy” rating by Stifel Nicolaus on Friday, May 25. The company was upgraded on Tuesday, January 9 by Credit Suisse. The rating was maintained by Wells Fargo on Monday, February 12 with “Outperform”. The firm has “Overweight” rating by Barclays Capital given on Friday, March 23. As per Friday, May 25, the company rating was maintained by Buckingham Research. The rating was maintained by Barclays Capital with “Equal Weight” on Thursday, December 21. The stock has “Buy” rating by Tigress Financial on Friday, December 22. The stock of Carnival Corporation (NYSE:CCL) has “Hold” rating given on Friday, March 23 by Deutsche Bank. Susquehanna maintained the stock with “Buy” rating in Thursday, January 18 report.

Carnival Corporation operates as a leisure travel and cruise company. The company has market cap of $45.33 billion. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises , Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. It has a 17.37 P/E ratio. The firm operates approximately 100 cruise ships.

More notable recent Carnival Corporation (NYSE:CCL) news were published by: 247Wallst.com which released: “Carnival Announces Big Acquisition in Alaska Ahead of Earnings Report” on June 07, 2018, also Seekingalpha.com with their article: “Cruise line stocks lower after Morgan Stanley warning” published on June 05, 2018, Seekingalpha.com published: “Susquehanna positive on Carnival” on May 29, 2018. More interesting news about Carnival Corporation (NYSE:CCL) were released by: Seekingalpha.com and their article: “Sulfur regs a major topic at Marine Money Week” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Why Carnival Has Cruised Onto My Watch List” with publication date: June 04, 2018.

Carnival Corporation (NYSE:CCL) Institutional Positions Chart

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