Todd Asset Management LLC Cuts Stake in Carnival Corporation (CUK)
- Author: Zachary Reyes Jun 23, 2017,
Jun 23, 2017, 18:49
Carnival shares gained 2.21 percent to $67.90 in after-hours trading. Finally, Geode Capital Management LLC boosted its stake in Carnival Corporation by 5.8% in the first quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Carnival Corporation during the fourth quarter worth $131,000. It also reduced Shutterfly Inc (NASDAQ:SFLY) stake by 207,601 shares and now owns 101,844 shares. CCL is expecting earnings per share for the upcoming quarter to range from $2.16 to $2.20.
Adjusted net income, which excludes unrealized gains or losses on fuel derivatives and other charges, was $378 million, or 52 cents a share, versus $370 million and 49 cents a share in the year-ago quarter.
Additionally the company declared a dividend which was paid on Friday June 16th, 2017. The stock of Carnival Corp (NYSE:CCL) has "Outperform" rating given on Friday, September 9 by Bernstein.
One of the world's leading cruise companies and a consistent outperformer on the earnings board, Carnival plc (LON:CCL) maintained that track record by delivering positive earnings growth, despite substantially higher fuel costs.
Investors wait Carnival Corp (NYSE:CCL) to report on June, 27. its quarterly earnings Wall Street analysts expect $0.47 earnings per share, down $0.02 or 4.08 % from last year's $0.49 same quarter earnings. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.89 billion. CCL's profit will be $343.79M for 34.94 P/E if the $0.47 EPS becomes a reality. Carnival Corporation's quarterly revenue was up 6.5% compared to the same quarter past year. During the same quarter past year, the business earned $0.49 earnings per share. After $2.10 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -25.24% negative EPS growth. Geode Mngmt Ltd Company invested 0% in Heat Biologics Inc (NASDAQ:HTBX). The first value is calculated by adding the dividend yield to the percentage of repurchased shares. The ex-dividend date of this dividend was Thursday, May 25th.
06/08/2017 - Carnival Corporation had its "outperform" rating reiterated by analysts at William Blair.
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A number of analysts have issued reports on CCL shares. ValuEngine upgraded shares of Carnival Corporation from a "hold" rating to a "buy" rating in a research note on Friday, June 2nd.
06/16/2017 - Carnival Corporation had its "buy" rating reiterated by analysts at Stifel Nicolaus. Wolfe Research upgraded the shares of CCL in report on Friday, May 26 to "Outperform" rating. Wedbush lifted their target price on Carnival Corporation from $54.00 to $61.00 and gave the company a neutral rating in a research report on Wednesday, March 29th. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock has an average rating of "Buy" and a consensus target price of $58.29. Another trade for 6,276 shares valued at $335,610 was made by BAND SIR JONATHON on Wednesday, January 18. DONALD ARNOLD W sold $1.79 million worth of stock. These holdings make up 50.67% of the company's outstanding shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Moving out to look at the previous month performance, the stock is at 6.09%. They now have a Dollars 58 price target on the stock. Following the completion of the transaction, the director now directly owns 26,684 shares in the company, valued at $1,555,410.36. The disclosure for this sale can be found here. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.
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