Dallas, Texas 12/18/2013 (FINANCIALSTRENDS) – Carnival Corporation (NYSE:CCL) is an S&P 500 index tracked casinos and resorts operator which has over the years garnered a market cap of $28.33 billion. Investors in this stock, which has struggled to post solid gains this year, would be looking at the fourth quarter operations result announcement which is slated for tomorrow at 10:30 AM ET to figure out if it makes sense to continue to stay invested in the stock over the next calendar year. This impatience in the stock is due to the fact that over the trailing 12 months the stock has managed to post net losses of 2.50 percent which extends well into the medium term performance over the past quarter. To offset this sluggish market appreciation in its shares, Carnival Corporation (NYSE:CCL) has been paying out a steady, albeit small dividend payout which adds up to $1 cumulatively for the year. This translates to a dividend yield of 2.74 percent over the trailing 12 months. Readers should note that in the same one year period the popular resorts operator has managed to post net income of $1.1 billion from sales which have totalled up to $15.38 billion.
Analysts feel that investors in Carnival Corporation (NYSE:CCL) can take heart from the fact that the management has been conscious about the need to make moves which are designed to restore investor confidence in the stock in addition to delivering solid results quarter on quarter. It is in this context that one needs to need to analyze recent decision by Carnival Corporation (NYSE:CCL) to enter into a collaboration with Dr. Seuss Enterprises. This tie up is going to help the company’s subsidiary Carnival Cruise Lines to offer its cruise guests “exciting and impressive dining and entertainment experiences on its fleet of 24 Fun Ships”.
The firm is also launching a huge publicity campaign around its theme called Seuss at Sea’ to promote its offerings resulting from this tie up.