Carnival (NYSE:CCL) Announces FY 2026 Earnings Guidance

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

Carnival Trading Up 11.8%

CCL stock opened at $24.75 on Tuesday. Carnival has a 52-week low of $21.45 and a 52-week high of $34.03. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The firm has a market cap of $33.90 billion, a P/E ratio of 11.15, a PEG ratio of 1.06 and a beta of 2.31. The company’s 50-day simple moving average is $25.29 and its 200-day simple moving average is $26.32.

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

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Carnival’s dividend payout ratio is currently 27.03%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Carnival from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Susquehanna lowered their price objective on Carnival from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Thursday. Melius Research set a $36.00 price objective on Carnival in a research note on Wednesday, June 17th. Finally, Citigroup raised their target price on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.45.

Trending Headlines about Carnival

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.