Can Carnival Corporation (CCL) Keep Its Momentum?

WEISENBURGER RANDALL J, Director, added 20,000 shares of Carnival Corporation (CCL) to its portfolio at the rate of $46.50 per share valuing $930,000 on Jul 03. The insider has now 122,934 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Carnival Corporation (CCL) was $45.94. Currently, the 1st Resistance Point for this stock is $46.37, with a 2nd Resistance Point sitting at $46.80. Meanwhile, this company’s stock has a 1st Support Level at $45.26 and a 2nd Support Level at $44.58. Carnival Corporation (CCL) stock has gained $0.88, or 1.95%, in the past five days. In the last full month, these shares have lost -$0.32, or -0.69%. In the past three months, this stock’s price has fallen by -$6.84, or -12.96%. This year-to-date, Carnival Corporation (CCL) shares have lost -$3.36, or -6.82%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Carnival Corporation (CCL) stock, 100% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Sell .”

With 526,958 K shares outstanding, this company currently has a market capitalization of $24,002,936K. Carnival Corporation (CCL) generates $18,881 M in annual sales, amounting to annual net income of $3,153 M. This stock has generated a 1-Year Total Return of -22.12%, a 3-Year Total Return of -1.48%, and a 5-year Total Return of 21.18%. This stock’s 5-Year Dividend Growth is 0.00%, with its most recent dividend valued at $0.500 per share on 05/23/19. Its Annual Dividend Yield is 4.39%, and its Annual Dividend Rate is 2.00.

In the most recently-reported fiscal quarter, which ended in May-19, Carnival Corporation (CCL) reported earnings of $0.66 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.61 per share, representing a 0.05 difference and 7.88% surprise. In the previous quarter ending in Feb-19, the reported earnings of $0.49 represented a 0.05 difference from the consensus estimate calling for $0.44 per share, which was a 12.10% surprise.

For the current fiscal quarter, which is set to end in 08/2019, the average earnings estimate is $2.53 per share. This estimate came from a total of 7 Wall Street Analysts. Of those market experts, the high estimate was $2.56 and the low estimate was $2.50. In the year-ago quarter, Carnival Corporation (CCL) generated per-share earnings of $2.36. If the analysts are correct about the current quarter’s earnings, the growth will be +7.20% .

Turning our focus now to insider trading activity, there have been 6 purchases (84,100 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 34 insider buys amounting to 436,972 shares and 8 insider sales amounting to 182,764 shares. In the past full year, 46 insider purchases were made (involving 637,666 shares) and 27 insider sell-offs equivalent to 396,060 shares.

Moving onto liquidity, Carnival Corporation (CCL) has a Current Ratio of 0.24, a Quick Ratio of 0.19 and a Cash Ratio of 0.11. Looking at this company’s capital structure, its Total Debt to Total Equity is 42.23, its Total Debt to Total Capital is 29.69, and its Total Debt to Total Assets is now 24.35. Looking even further ahead into the future, its Long-Term Debt to Equity is 32.31 and its Long-Term Debt to Total Capital is 22.71.