Revenue Update on Carnival Corp(NYSE:CCL)

Carnival Corp(NYSE:CCL) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.38.

In a different note, On Mar 21, 2017, William Blair said it Upgrades its rating on Carnival Corp. The shares have been rated ‘Outperform’ by the firm. On Feb 27, 2017, Argus Research said it Upgrades its rating on Carnival Corp. In the research note, the firm Announces the price-target to $64 per share. The shares have been rated ‘Buy’ by the firm.

Carnival Corp (CCL) made into the market gainers list on Fridays trading session with the shares advancing 0.14% or 0.08 points. Due to strong positive momentum, the stock ended at $58.6, which is also near the day’s high of $59.12. The stock began the session at $58.82 and the volume stood at 45,31,752 shares. The 52-week high of the shares is $59.12 and the 52 week low is $42.94. The company has a current market capitalization of $42,478 M and it has 72,48,74,140 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2017, Arnaldo Perez (General Counsel & Secretary) sold 13,004 shares at $55.88 per share price.Also, On Feb 17, 2017, Stein Kruse (CEO, Holland America Group) sold 31,158 shares at $55.88 per share price.On Feb 17, 2017, Arnold W Donald (President & CEO) sold 32,049 shares at $55.88 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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