Carnival Corp (CCL) Posts Q2 Earnings Beat, Solid Q3 Outlook

Xavier Trudeau
Juin 22, 2017

National Asset Management Inc sold 14,468 shares as Apple Inc (AAPL)'s stock rose 12.78%.

Carnival Corporation (NYSE CCL) traded up 0.2511% during trading on Thursday, reaching $66.5968. On a consensus basis, analysts have given a recommendation of 1.00 on company shares. It has outperformed by 12.64% the S&P500.

Insider Trades for Carnival Corporation show that the latest trade was made on 27 April 2017 where Parker (Sir Thomas John), the Director completed a transaction type "Sell" in which 19965 shares were traded at a price of $60.98. This technical setup was reported by Northpointe Capital Llc, a Michigan-based fund reported 1.14 million shares. Carnival Corp (NYSE:CCL) has risen 24.12% since June 20, 2016 and is uptrending. It has outperformed by 4.03% the S&P500. (NASDAQ:AAPL) to report earnings on July, 25. Carnival Corp's Wall Street analysts see 23.68 % EPS growth, taking into account the $0.38 EPS reproted in the previous quarter, The stock increased 1.11% or $0.73 during the last trading session, reaching $66.43. CCL's profit will be $337.99M for 35.24 P/E if the $0.47 EPS becomes a reality.

For the current quarter ending in September, Carnival expects its per-share earnings to range from $2.16 to $2.20. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

Other analysts have also issued reports about the company. Carnival Plc now has $47.83B valuation. The stock of Apple Inc. The stock of Carnival Corp (NYSE:CCL) earned "Buy" rating by Zacks on Monday, August 10. The firm has "Add" rating given on Wednesday, September 23 by Numis Securities. The firm has "Buy" rating given on Friday, September 16 by Canaccord Genuity. Private Wealth Partners LLC boosted its stake in shares of Carnival Corporation by 0.6% in the first quarter. Its up 0.22, from 0.9 in 2016Q3. It improved, as 18 investors sold CUK shares while 43 reduced holdings. Franklin Street Advsr Inc Nc holds 70,500 shares. Peloton Wealth Strategists owns 2.35% invested in Apple Inc. Legal General Public Ltd Liability Corp holds 2,201 shares. Live Your Vision Ltd Liability Com has 0.01% invested in Carnival Corp (NYSE:CCL) for 400 shares. Mitchell Mcleod Pugh Williams holds 4.65% or 49,550 shares. Atria Invests Ltd Com reported 7,997 shares stake. Shares for $1.79 million were sold by DONALD ARNOLD W. Bernstein David had sold 23,030 shares worth $1.29M on Wednesday, February 15. On Tuesday, December 27 the insider Maestri Luca sold $270,652. Shares for $1.28M were sold by KRUSE STEIN on Tuesday, January 17. $3.60 million worth of Apple Inc. Alphabet Inc was raised too.

Carnival plc is a leisure travel company.

Carnival Corporation (CCL) has the market capitalization of $47.84 Billion. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. It has a 23.65 P/E ratio. The Firm operates in four divisions: North America, EAA, Cruise Support and, Tour and Other.

Investors sentiment decreased to 1.28 in Q4 2016. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt Corporation has 0.08% invested in Carnival plc (ADR) (NYSE:CUK) for 175,685 shares. 87 funds opened positions while 185 raised stakes. 962,174 shares or 104.60% more from 470,276 shares in 2016Q3 were reported. Fiduciary Tru has invested 0.01% in Carnival Corp (NYSE:CCL). Hanson Mcclain stated it has 1,063 shares. Timber Hill Limited Company owns 5,591 shares for 0% of their portfolio. Polar Cap Llp reported 454,130 shares. $95,595 worth of AFLAC Incorporated (NYSE:AFL) was sold by AMOS DANIEL P. The insider Daniels James Todd sold 1,400 shares worth $101,351. $335,610 worth of Carnival Corp (NYSE:CCL) was sold by BAND SIR JONATHON. Advisor Limited Liability Corporation owns 6,231 shares for 0.1% of their portfolio. Capstone Ltd Liability Com accumulated 14,500 shares. It also upped Lab Corp Of America (NYSE:LH) stake by 6,512 shares and now owns 229,557 shares. Moreover, Great West Life Assurance Can has 0% invested in Cascade Bancorp (NASDAQ:CACB) for 8,598 shares.

Illinois-based Banced has invested 1.06% in Carnival Corp (NYSE:CCL). Goldman Sachs Group Inc Incorporated Inc holds 17,323 shares or 0% of its portfolio. Therefore 100% are positive. Carnival Corporation has $68 highest and $48 lowest target. They now have a Dollars 57 price target on the stock. Sequans Communications had 3 analyst reports since February 8, 2016 according to SRatingsIntel. The stock has "Outperform" rating by Bernstein on Wednesday, November 23. Morgan Stanley reported 0% in Carnival plc (ADR) (NYSE:CUK). The stock of Carnival Corp (NYSE:CCL) has "Equal Weight" rating given on Thursday, September 24 by Barclays Capital. HSBC initiated it with "Buy" rating and $60 target in Monday, October 3 report.

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