Carnival Corporation (CCL) To Go Ex-Dividend on November 6th

Carnival Corporation (NYSE:CCL) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be paid a dividend of $0.15 per share on Friday, November 27th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 6th.

Carnival has decreased its dividend by an average of 1.0% per year over the last three years. Carnival has a payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Carnival to earn $2.55 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.5%.

Carnival Stock Down 3.7%

Shares of CCL opened at $26.08 on Friday. Carnival has a one year low of $21.45 and a one year high of $34.03. The company has a market cap of $35.07 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.17 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $24.70 and a two-hundred day simple moving average of $26.47.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the firm earned $1.43 EPS. Carnival’s revenue was up 3.5% on a year-over-year basis. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Research analysts forecast that Carnival will post 2.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Carnival from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, September 24th. Mizuho reduced their price target on shares of Carnival from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Wells Fargo & Company decreased their price target on shares of Carnival from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Sanford C. Bernstein reiterated a “market perform” rating and set a $28.70 price objective on shares of Carnival in a research report on Wednesday, September 30th. Finally, Susquehanna lowered their price objective on shares of Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.14.

Carnival Company Profile

Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.

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