Stock Update (NYSE:CCL): Carnival Corporation to Launch Four New Ships in 2016

[PR Newswire] – “As we execute our fleet enhancement plan — which includes a long-term strategy for bringing highly efficient, state-of-the-art ships to market and elevating the overall cruise experience, we are excited about seeing these new ships come to life this year,” said Arnold Donald, CEO of Carnival Corporation. The largest ship in the Carnival fleet, Carnival Vista will measure 133,500 tons, 1,055 feet long and have a guest capacity of 3,954. Read more on this. Carnival Corporation (CCL) , valued at $41.36B, began trading this morning at $52.86. Looking at the stock, its one day range is $52.86 to $54.11 with its 52-week range being $42.51 to $55.77. CCL shares are currently priced at 15.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.42x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 2.20%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.32 per share, which would be $0.12 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.36 which would be a $0.66 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.63 Billion. If reported, that would be a 2.83% increase over the year-ago quarter. More recently, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. The average price target for CCL shares by the analysts covering the stock is $59.53, which is 12.62% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Company Update (NYSE:CCL): Carnival Corporation to Build Four Cruise Ships as Part of Memo of Agreement with Fincantieri S.p.A. Company Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation Expands to Four Cruise Brands in China, Accelerates Market Leadership with Additional Ships Serving Chinese Travelers in 2017 Stock Update: Carnival Corporation (NYSE:CCL) – Costa Cruises to Build Two Next-Generation Cruise Ships as part of Carnival Corporation’s Multi-Billion Dollar Contract with Meyer Werft