Carnival profit up despite higher fuel cost

P&O Britannia in Lisbon

Carnival profit up despite higher fuel cost

Sentry Investment Management LLC's holdings in Carnival Corporation were worth $1,847,000 at the end of the most recent quarter. Ameriprise Financial Inc. raised its position in Carnival Corporation by 129.9% in the first quarter. Carnival Corporation's revenue was up 6.5% on a year-over-year basis.

Steelcase Inc. (NYSE: SCS) reported downbeat earnings for its first quarter and issued a weak outlook for the second quarter.

For the Current Quarter, the growth estimate for Carnival Corporation is -4.1%, while for the Next Quarter the stock growth estimate is 11.5%. Dimensional Fund Advisors LP now owns 2,927,280 shares of the company's stock valued at $152,395,000 after buying an additional 64,869 shares during the period. First Interstate National Bank & Trust has 0.18% invested in Carnival Corp (NYSE:CCL). Moreover, Eagle Boston Investment Management Inc has 1.69% invested in the company for 1.33 million shares. The Bloom Tree Partners Llc holds 646,810 shares with $37.20M value, up from 427,129 last quarter. Glasier now owns $1,429,514 of the stock per the Form 4 SEC filing. Millennium Mngmt Ltd Liability Co holds 0% or 241,173 shares. Crystal Rock Capital Management who had been investing in Carnival Corp for a number of months, seems to be less bullish one the $47.53B market cap company. After a recent look, shares have been seen 22.90% from the 200-day moving average, and 7.58% from the 50-day moving average.

Doral-based Carnival Corp. & PLC on Thursday reported reduced profit in second quarter fiscal 2017 from a year ago, which was squeezed in part by higher fuel costs and changes in currency exchange rates.

Carnival Corp (NYSE:CCL) institutional sentiment increased to 1.12 in 2016 Q4.

Revenue in the quarter rose to $3.9 billion from $3.7 billion the year before.

For a profitability analysis, there is the 42.10% gross margin and the 18.10% net margin to consider. During the same quarter previous year, the business earned $0.49 earnings per share. Equities analysts forecast that Carnival Corporation will post $3.73 EPS for the current year.

Wall Street await Carnival Corp (NYSE:CCL) to release earnings on June, 27. The legal version of this piece of content can be viewed at This dividend amount was represent a yeild of $2.41. The ex-dividend date of this dividend was Wednesday, May 24th. This is a positive change from Carnival Corporation's previous quarterly dividend of $0.35. Carnival Corporation has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. They join Fathom, a former cruise concept that now operates as the company's immersion and enrichment experience travel brand. If you are viewing this article on another domain, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation.

03/29/2017 - Carnival Corporation had its "neutral" rating reiterated by analysts at Wedbush. Stifel Nicolaus lifted their price objective on Carnival Corporation from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, March 29th. Heat Biologics had 5 analyst reports since September 1, 2015 according to SRatingsIntel. Nomura upgraded Carnival Corp (NYSE:CCL) rating on Wednesday, September 23.

Among 24 analysts covering Carnival Corporation (NYSE:CCL), 15 have Buy rating, 1 Sell and 8 Hold. The rating was maintained by Numis Securities with "Add" on Wednesday, September 23. The stock has an average rating of Buy and an average target price of $58.29. PARKER SIR JOHN sold 19,965 shares worth $1.22 million. 24,186 shares were sold by DONALD ARNOLD W, worth $1.28M. 351,578 shares of the company were exchanged. Following the completion of the transaction, the director now owns 22,798 shares in the company, valued at approximately $1,390,222.04.

Arnaldo Perez, General Counsel & Secretary disclosed the sale of 13,004 shares of (CCL). The stock rose 0.11% or $0.07 reaching $63.63 per share. The Firm is a cruise firm of global cruise guests, and a well-known provider of vacations to all cruise destinations throughout the world. Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn.

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