Market Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Increases Dividend By 17 Percent

[PR Newswire] – MIAMI, April 14, 2016 /PRNewswire/ — Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced that it has declared a dividend of $0.35 per share, an increase of 17 percent. “The increase … Read more on this. Carnival Corporation (CCL) , with a current market cap of $58.26B, opened this morning at $51.66. Looking at today’s trading action, the company’s one day range from $51.04 to $51.98 and has traded between $40.52 and $55.77 over the past 12 months. CCL shares are currently priced at 15.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.89x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 2.35%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.38 per share, which would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.40 would be a $0.70 improvement when compared to the previous year’s annual results. 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 2.51% increase over the year-ago quarter. More recently, HSBC Securities Initiated CCL at Buy (Nov 25, 2015). Previously, Nomura upgraded CCL from Neutral to Buy. Investors should keep in mind is that the average price target is $60.61, which is 17.32% 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 Stock Update: Carnival Corporation (NYSE:CCL) – Carnival Corporation & plc Declares Dividend Company Update (NYSE:CCL): Carnival Corporation & plc Declares Dividend