Market Update (NYSE:CCL): Carnival Cruise Line Partners with Concrete Beach Brewery to Create a Craft Brewery on the New Carnival Vista

[PR Newswire] – MIAMI, March 28, 2016 /PRNewswire/ — When guests on Carnival Cruise Line’s newest, largest and most innovative ship, Carnival Vista, raise a pint in the Red Frog Pub & Brewery, they will have a choice of three distinctly flavored hand-crafted beers brewed right on board in the first brewery at sea in North America. Carnival Vista’s RedFrog Pub & Brewery is the result of a unique collaboration between Carnival and Miami-based Concrete Beach Brewery. Concrete Beach is an Alchemy & Science brand, an independently operating subsidiary of The Boston Beer Company. Read more on this. Carnival Corporation (CCL) , valued at $37.63B, opened at $48.93. A quick look at the market, the company’s stock traded between $48.79 and $49.43 and has traded between $40.52 and $55.77 over the past year. Carnival (CCL) shares are currently priced at 14.56x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.58x earnings multiple for the same period. The company pays shareholders $1.20 per share annually in dividends, yielding 2.45%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.32 per share, which would be $0.12 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.36 is a $0.66 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.63 Billion. If reported, that would be a 2.83% increase over the year-ago quarter. Recently, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $60.06, which is 22.75% above where the stock opened this morning. See more in (NYSE:CCL) Similar Articles: Stock Update: Carnival Corporation (NYSE:CCL) – Got the Winter Blues? Take a Carnival Corporation Virtual Cruise Market Update: Carnival Corporation (NYSE:CCL) – Carnival Cruise Line Named ‘America’s Most Trusted Cruise Line’ By Reader’s Digest Magazine Market Update: Carnival Corporation (NYSE:CCL) – Carnival Cruise Line, New Orleans Saints Announce Multi-Year Partnership