Company Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc To Hold Conference Call On Second Quarter Earnings

[PR Newswire] – MIAMI, June 21, 2016 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has scheduled a conference call with analysts for 10:00 a.m. (EDT); 3:00 p.m. (BST), Tuesday, June 28, 2016, to … Read more on this. Carnival Corporation (CCL) , valued at $36.76B, started trading this morning at $48.75. Today, shares have traded between $48.59 and $49.00 per share and has traded between $40.52 and $55.77 over the past 12 months. Carnival (CCL) shares are currently priced at 14.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.30x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.40 per share annually in dividends, yielding 2.93%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.39 per share, which would be $0.14 better than the year-ago quarter and a $0.02 sequential increase. What we find to be interesting is that the full-year EPS estimate of $3.40 is a $0.70 better 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. In terms of ratings, Sterne Agee CRT Initiated CCL at Buy (Jun 7, 2016). Previously, HSBC Securities Initiated CCL at to Buy. The average price target for CCL shares by the analysts covering the stock is $60.19, which is 23.47% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Announces Exchange Rate For Quarterly Dividend Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation Consolidates Media Planning, Buying with Omnicom’s PHD Company Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation Receives Green Gateway Environmental Excellence Awards