Carnival (CCL) Receiving Somewhat Favorable Media Coverage, Report Finds

News articles about Carnival (NYSE:CCL) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.3660166292374 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

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Carnival stock opened at $65.58 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.19 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $34,528.85, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.80. Carnival has a twelve month low of $57.39 and a twelve month high of $72.70.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Thursday, March 22nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.11 billion. Carnival had a net margin of 14.73% and a return on equity of 11.97%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. equities analysts anticipate that Carnival will post 4.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 22nd. Carnival’s dividend payout ratio is currently 21.92%.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Barclays upgraded shares of Carnival from an “equal weight” rating to an “overweight” rating and set a $77.00 price objective for the company in a research note on Friday, March 23rd. Credit Suisse Group lifted their price objective on shares of Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Wells Fargo boosted their price target on shares of Carnival from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.33.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $66.90, for a total value of $334,500.00. Following the sale, the chief executive officer now owns 115,572 shares in the company, valued at $7,731,766.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Arnaldo Perez sold 10,369 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $69.11, for a total transaction of $716,601.59. The disclosure for this sale can be found here. Insiders have sold 104,722 shares of company stock worth $7,188,543 in the last quarter. 23.80% of the stock is owned by corporate insiders.

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About Carnival

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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