Carnival Corporation (NYSE:CCL) Given Price Target Of $54.75


As per Carnival Corporation (NYSE:CCL)’s news release on 2016-07-14, its shareholders will get cash dividend of $0.35 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-26 and 2016-09-16, respectively.

The stock will commence trading ex-dividend from 2016-08-24, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Carnival Corporation (NYSE:CCL) disbursed $0.35 in dividend compared to distribution of $0.35, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Carnival Corporation (NYSE:CCL) to attain a price target of $54.75. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $60. The low price range is set at $50 for next year while the arithmetic mean is seen at 2.

Eyeing Earnings Carnival Corporation (NYSE:CCL) is likely to post quarterly numbers around 2016-09-27 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $1.88 for the period ending on 2016-08-31.

In last quarter ended 2015-11-30, Carnival Corporation (NYSE:CCL) earnings came at $0.49 suggesting a deviation of $0.1. The brokerages targeted EPS of $0.39 for the quarter.

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