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Market Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Reports Record Second Quarter Earnings And Additional $1 Billion Share Repurchase Authorization

[PR Newswire] – MIAMI, June 28, 2016 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced adjusted net income of $370 million, or $0.49 diluted EPS for the second quarter of 2016 compared to … Read more on this. Carnival Corporation (CCL) , valued at $33.05B, started trading this morning at $45.15. During today’s session, CCL traded between $43.73 to $46.15 with its 52-week range being $40.52 to $55.77. CCL shares are currently priced at 12.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.30x forward p/e ratio. And for income investors, the company pays shareholders $1.40 per share annually in dividends, yielding 3.07%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.39 per share, which would be $0.14 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $3.39 would be a $0.69 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 is $60.06, which is 33.02% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Company Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc To Hold Conference Call On Second Quarter Earnings Market Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Increases Dividend By 17 Percent Stock Update: Carnival Corporation (NYSE:CCL) – Got the Winter Blues? Take a Carnival Corporation Virtual Cruise
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