Stock Update (NYSE:CCL): Carnival Corporation Announces Timeline for Sourcing 100% Cage-Free Eggs

[PR Newswire] – MIAMI and WASHINGTON, Dec. 21, 2015 /PRNewswire/ — Carnival Corporation & plc, working with The Humane Society of the United States, announced that it will switch to 100 percent cage-free eggs across … Read more on this. Carnival Corporation (CCL) , with a current value of $41.48B, started the session at $53.42. Shares have traded today between $53.33 and $53.93 per share with a trailing 52-week range being $42.51 to $54.59. CCL shares are currently priced at 15.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.98x earnings multiple. The company pays shareholders $1.20 per share in dividend income per year, for a current yield of 2.29%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $0.32 per share, which would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $3.32, which would be a $0.62 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.68 Billion. If realized, that would be a 4.25% increase over the year-ago quarter. More recently, Jefferies upgraded CCL from Underperform to Hold (Jul 14, 2015). Previously, Sun Trust Rbsn Humphrey upgraded CCL from Neutral to Buy. The average price target for CCL shares is $57.44, which is 7.53% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Company Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation Adds Third Berth to Cozumel Pier, Will Increase its Cruise Ship Brands’ Visits to Popular Port Stock Update: Carnival Corporation (NYSE:CCL) – Costa Cruises to Build Two Next-Generation Cruise Ships as part of Carnival Corporation’s Multi-Billion Dollar Contract with Meyer Werft Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corp reaches settlement with U.S. over alleged disability violations