Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend

[PR Newswire] – MIAMI, June 1, 2016 /PRNewswire/ — On April 14, 2016, Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced a quarterly cash dividend of $0.35 (U.S.) per share. The dividend is payable on June … Read more on this. Carnival Corporation (CCL) , with a current value of $36.30B, opened at $47.28. A quick look at the market, the company’s stock traded between $47.17 and $48.12 with a trailing 52-week range being $40.52 to $55.77. Priced at 14.08x this year’s forecasted earnings, CCL shares are relatively expensive compared to the industry’s 12.59x forward p/e ratio. The company pays shareholders $1.40 per share annually in dividends, yielding 2.88%. According to a consensus of 16 analysts, the earnings estimate of $0.38 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.39 would be a $0.69 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.68 Billion. If reported, that would be a 2.51% 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. When considering if the stock is under or overvalued, the average price target is $60.28, which is 27.50% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Market Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Increases Dividend By 17 Percent Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Declares Dividend Market Update (NYSE:CCL): Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend