Carnival (NYSE:CUK) Releases Earnings Results

Carnival (NYSE:CUK) announced its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, FiscalAI reports. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The firm had revenue of $6.33 billion during the quarter.

Carnival Trading Up 0.4%

CUK stock traded up $0.11 during trading on Wednesday, reaching $28.60. 1,002,262 shares of the stock traded hands, compared to its average volume of 1,905,870. The firm has a market capitalization of $5.39 billion, a PE ratio of 14.30 and a beta of 2.54. Carnival has a 52-week low of $13.65 and a 52-week high of $32.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The business’s 50 day moving average price is $27.62 and its 200-day moving average price is $27.13.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CUK. Norges Bank bought a new position in shares of Carnival during the second quarter valued at approximately $152,130,000. Bank of Montreal Can grew its stake in Carnival by 417.0% during the 2nd quarter. Bank of Montreal Can now owns 1,611,280 shares of the company’s stock worth $41,104,000 after buying an additional 1,299,639 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Carnival during the 3rd quarter worth $17,600,000. Arrowstreet Capital Limited Partnership increased its position in Carnival by 35.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,426,923 shares of the company’s stock worth $61,911,000 after buying an additional 628,995 shares during the period. Finally, Optiver Holding B.V. lifted its stake in Carnival by 124.4% in the third quarter. Optiver Holding B.V. now owns 728,577 shares of the company’s stock valued at $19,264,000 after buying an additional 403,937 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CUK. Zacks Research raised Carnival to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings restated 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.com, Carnival currently has a consensus 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.