Carnival (NYSE:CCL) Issues FY 2026 Earnings Guidance

Carnival (NYSE:CCL) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.240-2.240 for the period, compared to the consensus estimate of 2.220. The company issued revenue guidance of -. Carnival also updated its Q4 2026 guidance to 0.200-0.200 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Freedom Capital upgraded Carnival to a “strong-buy” rating in a research report on Wednesday, June 3rd. Truist Financial upped their price target on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Argus set a $35.00 target price on Carnival in a research report on Friday, June 26th. Melius Research set a $36.00 price target on Carnival in a report on Wednesday, June 17th. Finally, Tigress Financial lifted their price target on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.45.

Carnival Stock Performance

Shares of CCL opened at $24.71 on Tuesday. Carnival has a 52 week low of $21.45 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The stock has a 50 day moving average price of $25.29 and a two-hundred day moving average price of $26.32. The firm has a market capitalization of $33.84 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.06 and a beta of 2.31.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities analysts forecast that Carnival will post 2.2 earnings per share for the current fiscal year.

Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 7th. Carnival’s dividend payout ratio (DPR) is 27.03%.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival reported that third-quarter 2026 results outperformed guidance, with its best-ever revenue, net yields and net income. Record bookings also provide a strong foundation for 2027, reinforcing the company’s demand recovery and pricing momentum. Carnival third-quarter 2026 results
• Positive Sentiment: The results offer a favorable contrast with the recent share-price weakness and may ease concerns that Carnival’s recovery is losing momentum. Strong bookings are particularly important because they support future occupancy, pricing and onboard revenue.
• Neutral Sentiment: Investors had been focused on whether management would discuss dividends, Holland America and fleet upgrades during the earnings update. These topics could influence the next phase of Carnival’s capital-allocation and growth strategy. Carnival earnings preview
• Neutral Sentiment: Princess Cruises, a Carnival brand, launched an AI-powered cruise-planning app within ChatGPT. The initiative could improve customer discovery and bookings, but its near-term financial effect on CCL is uncertain. Princess Cruises AI app launch
• Negative Sentiment: Higher fuel prices remain a major concern because they can raise voyage costs and compress margins. Bank of America cut its Carnival price target as this cost pressure intensified, contributing to investor caution despite the company’s operational gains. Bank of America cuts Carnival price target
• Negative Sentiment: Pre-earnings coverage also highlighted Carnival’s substantial debt burden and shares trading near a 52-week low. Those balance-sheet and valuation concerns may limit the market’s reaction unless management provides reassuring guidance on costs, cash flow and debt reduction.

Carnival Company Profile

Carnival Corporation & plc (NYSE: CCL) is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

The company’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.