Company Update (NYSE:CCL): Carnival Magic To Feature New Guy Fieri-Designed Open-Air Barbecue Eatery Offering Traditional Smokehouse Favorites

[PR Newswire] – MIAMI, March 16, 2016 /PRNewswire/ — Chef and restaurateur Guy Fieri, whose Guy’s Burger Joints on Carnival Cruise Line ships have earned a reputation as the best burgers at sea, has expanded his seagoing … Read more on this. Carnival Corporation (CCL) , valued at $37.86B, opened this morning at $47.74. Looking at the equity, the company’s one day range is $47.54 to $49.04 and has traded between $40.52 and $55.77 over the past 12 months. Priced at 14.26x this year’s forecasted earnings, CCL shares are relatively inexpensive compared to the industry’s 22.17x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.20 per share annually in dividends, yielding 2.50%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.32 per share, which would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.36 would be a $0.66 better when compared to the previous year’s annual results. 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. Investors should keep in mind is that the average price target is $60.06, which is 25.81% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Stock Update: Carnival Corporation (NYSE:CCL) – Got the Winter Blues? Take a Carnival Corporation Virtual Cruise 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