Revenue Update on Carnival Corp(NYSE:CCL)

Carnival Corp(NYSE:CCL) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Sep 26, 2016. Company reported revenue of $5.10B. Analysts estimated a revenue of $5.06B. Earnings per share were $1.92. Analysts had estimated an EPS of $1.88.

In a different note, Bernstein said it Initiates Coverage on Carnival Corp, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. On Sep 2, 2016, Morgan Stanley said it Downgrades its rating on Carnival Corp. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jun 29, 2016, Goldman Sachs said it Maintains its rating on Carnival Corp. In the research note, the firm Raises the price-target to $46.50 per share. The shares have been rated ‘Neutral’ by the firm.

Carnival Corp (CCL) made into the market gainers list on Thursdays trading session with the shares advancing 2.23% or 1.02 points. Due to strong positive momentum, the stock ended at $46.84, which is also near the day’s high of $46.87. The stock began the session at $46.19 and the volume stood at 43,70,250 shares. The 52-week high of the shares is $55.77 and the 52 week low is $40.52. The company has a current market capitalization of $35,943 M and it has 76,73,47,480 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Richard Glasier (director) sold 10,000 shares at $52.43 per share price.Also, On Mar 9, 2016, Arnold W Donald (President & CEO) sold 23,281 shares at $42.99 per share price.On Feb 25, 2016, David Bernstein (Chief Financial Officer) sold 6,214 shares at $48.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands Europe Australia & Asia (EAA) cruise brands and Cruise Support. In addition it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines Holland America Line Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA) Costa Cruises (Costa) Cunard P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel Mexico; Grand Turk Turks and Caicos Islands Roatan Honduras and Puerto Plata Dominican Republic. In addition to its cruise operations it owns Holland America Princess Alaska Tours a tour company in Alaska and the Canadian Yukon.

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