Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Declares Dividend

[PR Newswire] – MIAMI, Jan. 14, 2016 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced that it has declared a dividend of $0.30 per share. The company’s board of directors approved a … Read more on this. Carnival Corporation (CCL) , with a current market cap of $40.27B, opened at $51.58. Shares have traded today between $50.19 and $52.13 per share and has traded between $42.51 and $55.77 over the past year. CCL shares are currently priced at 15.59x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.54x earnings multiple. And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 2.31%. 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. Recently, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $60.47, which is 17.24% above than it opened this morning. See more in (NYSE:CCL) Similar Articles: Company Update (NYSE:CCL): Carnival Corporation & plc Declares Dividend 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 Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corp reaches settlement with U.S. over alleged disability violations