Carnival (CUK) Projected to Post Quarterly Earnings on Friday

Carnival (NYSE:CUK) is projected to issue its results before the market opens on Friday, March 20th. Analysts expect the company to announce earnings of $0.1841 per share and revenue of $6.1301 billion for the quarter.

Carnival (NYSE:CUK) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $6.33 billion for the quarter. Carnival had a net margin of 10.37% and a return on equity of 28.39%.

Carnival Stock Down 3.6%

CUK opened at $24.13 on Thursday. Carnival has a 12 month low of $13.65 and a 12 month high of $33.72. The company has a market cap of $4.55 billion, a PE ratio of 12.06 and a beta of 2.46. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96. The company has a 50 day moving average of $29.58 and a 200 day moving average of $27.70.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Carnival’s dividend payout ratio is currently 7.50%.

Institutional Trading of Carnival

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its holdings in Carnival by 376.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 953 shares of the company’s stock valued at $25,000 after purchasing an additional 753 shares during the period. Raymond James Financial Inc. bought a new position in shares of Carnival in the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Carnival by 188.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock worth $28,000 after buying an additional 729 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Carnival in the fourth quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Carnival by 3,007.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,336 shares of the company’s stock valued at $41,000 after buying an additional 1,293 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Zacks Research raised Carnival to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Carnival in a report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Carnival currently has an average rating of “Hold”.

About Carnival

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.