Carnival (CUK) Projected to Post Quarterly Earnings on Friday

Carnival (NYSE:CUK) is expected to be issuing its results before the market opens on Friday, March 20th. Analysts expect the company to announce earnings of $0.1841 per share and revenue of $6.1301 billion for the quarter.

Carnival (NYSE:CUK) last released its earnings results on Tuesday, January 27th. The company reported $0.19 earnings per share for the quarter. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The business had revenue of $6.33 billion for the quarter.

Carnival Stock Down 7.9%

Shares of CUK opened at $23.87 on Friday. The stock has a 50 day moving average price of $30.14 and a 200 day moving average price of $27.84. Carnival has a one year low of $13.65 and a one year high of $33.72. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 11.94 and a beta of 2.46.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, February 13th. Carnival’s payout ratio is 7.50%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CUK. KCM Capital Inc acquired a new position in shares of Carnival during the 4th quarter valued at about $36,648,000. Voloridge Investment Management LLC increased its position in Carnival by 4,622.5% during the fourth quarter. Voloridge Investment Management LLC now owns 803,443 shares of the company’s stock worth $24,368,000 after purchasing an additional 786,430 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in Carnival during the third quarter worth about $17,600,000. Renaissance Technologies LLC raised its stake in Carnival by 17.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,903,970 shares of the company’s stock worth $88,077,000 after purchasing an additional 425,870 shares during the period. Finally, Groupe la Francaise acquired a new position in Carnival in the 4th quarter valued at about $10,731,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CUK. Zacks Research raised shares of Carnival to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Carnival in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Carnival has an average rating of “Hold”.

Carnival Company Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.