Carnival (NYSE:CCL) Updates FY 2026 Earnings Guidance

Carnival (NYSE:CCL) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.220-2.220 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of -. Carnival also updated its Q3 2026 guidance to 1.350-1.350 EPS.

Analyst Upgrades and Downgrades

CCL has been the subject of several analyst reports. Sanford C. Bernstein cut shares of Carnival from a “market perform” rating to a “market perform” rating in a research report on Tuesday. UBS Group lowered their price objective on shares of Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Loop Capital assumed coverage on Carnival in a research note on Monday, June 1st. They set a “buy” rating and a $36.00 target price on the stock. TD Cowen lifted their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Melius Research set a $36.00 target price on shares of Carnival in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Carnival presently has an average rating of “Moderate Buy” and a consensus price target of $35.04.

Carnival Price Performance

Shares of CCL opened at $28.86 on Thursday. The stock has a market cap of $35.75 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.27 and a beta of 2.32. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.26 and a current ratio of 0.33. Carnival has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The firm’s 50-day simple moving average is $27.37 and its two-hundred day simple moving average is $28.39.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Analysts anticipate that Carnival will post 2.22 earnings per share for the current fiscal year.

Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.60 annualized dividend and a yield of 2.1%. Carnival’s dividend payout ratio is 26.67%.

Insider Buying and Selling at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the transaction, the insider owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the transaction, the director owned 52,601 shares in the company, valued at $1,377,620.19. This represents a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 55,058 shares of company stock worth $1,524,195. Company insiders own 7.90% of the company’s stock.

More Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival reported Q2 adjusted EPS of $0.41, ahead of estimates, with revenue of $6.66 billion and record net yields, showing resilient demand and solid pricing power.
• Positive Sentiment: The company highlighted record customer deposits, continued cost control, and ongoing deleveraging/share repurchases, which support the longer-term investment thesis.
• Neutral Sentiment: Jefferies said Carnival’s reduced fiscal 2026 guidance reflects near-term headwinds rather than a deterioration in the company’s long-term outlook, and it reiterated a Buy rating with a $35 price target. Article Title
• Neutral Sentiment: UBS warned that Carnival is unlikely to benefit much from an improvement in booking trends in 2026, suggesting limited near-term upside if demand stabilizes but does not accelerate sharply. Article Title
• Negative Sentiment: Management’s Q3 and full-year EPS guidance came in below Wall Street expectations, and the company cited geopolitical disruption in Europe/Mediterranean booking trends plus higher fuel costs as pressure points.
• Negative Sentiment: Several reports noted that investors sold the stock because the soft outlook overshadowed the earnings beat, indicating concern that strong current-quarter performance may not translate into faster earnings growth later this year.

Hedge Funds Weigh In On Carnival

Several hedge funds and other institutional investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter valued at $25,000. Johnson Financial Group Inc. purchased a new position in Carnival in the 3rd quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Carnival during the fourth quarter valued at approximately $32,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Carnival in the 4th quarter worth $35,000. Finally, DV Equities LLC purchased a new position in shares of Carnival during the fourth quarter valued at about $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.