Carnival (NYSE:CCL) Updates FY 2026 Earnings Guidance

Carnival (NYSE:CCL) updated its FY 2026 earnings guidance on Tuesday. 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 Ratings Changes

Several research analysts recently issued reports on CCL shares. Melius Research set a $36.00 price objective on Carnival in a research report on Wednesday, June 17th. Stifel Nicolaus upped their price objective on Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, June 12th. William Blair reaffirmed an “outperform” rating on shares of Carnival in a research note on Tuesday, March 3rd. Susquehanna cut their target price on shares of Carnival from $40.00 to $30.00 and set a “positive” rating for the company in a research note on Monday, March 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.94.

Carnival Trading Down 5.9%

Shares of NYSE CCL traded down $1.79 on Tuesday, reaching $28.40. 20,777,827 shares of the company traded hands, compared to its average volume of 25,842,381. The stock has a market capitalization of $35.19 billion, a PE ratio of 12.63, a P/E/G ratio of 1.36 and a beta of 2.32. Carnival has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. The company has a 50 day moving average of $27.33 and a 200 day moving average of $28.35.

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 analysts’ consensus estimates of $0.35 by $0.06. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. On average, equities research analysts forecast that Carnival will post 2.22 earnings per share for the current fiscal year.

Carnival Dividend Announcement

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

Insider Activity

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the completion of the sale, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the sale, the director directly owned 52,601 shares of the company’s stock, valued at $1,377,620.19. The trade was a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,058 shares of company stock valued at $1,524,195 over the last 90 days. 7.90% of the stock is currently owned by insiders.

Trending Headlines about Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival delivered record Q2 revenue, record adjusted net income, and continued aggressive shareholder returns, including more than $450 million in stock buybacks, which shows operating momentum and capital return discipline.
• Positive Sentiment: Lower fuel prices and strong booking trends have been supporting the cruise industry, which can improve margins and help earnings if the trend continues.
• Neutral Sentiment: The company beat EPS expectations for the quarter, but revenue came in slightly below consensus, making the results solid but not broadly surprising to investors. Article Title
• Negative Sentiment: Carnival’s updated Q3 2026 EPS guidance of 1.35 came in below the 1.42 consensus estimate, signaling softer near-term earnings than Wall Street expected.
• Negative Sentiment: Full-year 2026 EPS guidance of 2.22 also slightly trails the 2.23 forecast, reinforcing concerns that growth may be leveling off.
• Negative Sentiment: The company said recent disruption from the Iran war hurt bookings, especially in Europe and the Mediterranean, adding geopolitical uncertainty to the demand outlook. Article Title

Hedge Funds Weigh In On Carnival

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after purchasing an additional 5,435 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Carnival in the first quarter valued at $228,000. Empowered Funds LLC lifted its holdings in shares of Carnival by 61.6% in the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after purchasing an additional 11,601 shares in the last quarter. Woodline Partners LP boosted its position in shares of Carnival by 41.9% in the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock worth $1,729,000 after buying an additional 26,141 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in shares of Carnival by 57.0% during the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after buying an additional 23,484 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.