Carnival (NYSE:CCL) Announces FY 2026 Earnings Guidance

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

Carnival Stock Performance

NYSE:CCL opened at $24.60 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.29. The firm has a market cap of $33.69 billion, a PE ratio of 10.74, a P/E/G ratio of 1.18 and a beta of 2.31. The firm has a 50 day simple moving average of $25.24 and a 200-day simple moving average of $26.32. Carnival has a 1-year low of $21.45 and a 1-year high of $34.03.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the company earned $1.43 EPS. Carnival’s revenue for the quarter 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. On average, equities analysts expect that Carnival will post 2.24 EPS for the current year.

Carnival Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCL. Deutsche Bank Aktiengesellschaft set a $32.00 price objective on shares of Carnival in a report on Tuesday, September 22nd. Tigress Financial increased their price target on shares of Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Susquehanna decreased their price target on shares of Carnival from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Wednesday. Citigroup boosted their price objective on shares of Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Carnival from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.36.

Trending Headlines about Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Record Q3 results and resilient demand support the long-term outlook. Carnival reported adjusted EPS of $1.43 and revenue of $8.44 billion, exceeding analyst estimates of $1.35 and $8.39 billion. Net income reached approximately $1.9 billion, while net yields and revenue were records. Carnival Corporation Q3 results
• Positive Sentiment: Bookings provide visibility into 2027. About half of Carnival’s 2027 inventory is booked at record occupancy and pricing, and customer deposits reached $7.6 billion. The company is limiting capacity growth to roughly 0.5%, which could help preserve pricing power and net yields. CCL Q3 earnings call highlights
• Positive Sentiment: Full-year guidance was raised. Carnival now expects fiscal 2026 adjusted EPS of approximately $2.24, above the roughly $2.22 consensus estimate. Analysts remain broadly constructive, with Mizuho retaining an Outperform rating and a $38 price target despite a modest reduction. Carnival average price target
• Neutral Sentiment: Options activity points to continued bullish speculation. Traders purchased more than 100,000 Carnival call options, approximately double the average daily volume, indicating elevated interest in further upside but also potentially increasing short-term volatility. Carnival call options activity
• Negative Sentiment: Near-term guidance and costs are weighing on sentiment. Carnival’s fourth-quarter EPS forecast of $0.20 is below the approximately $0.25 analyst consensus. Fuel costs rose sharply, pressuring margins, and several analysts lowered price targets after the earnings report. The stock may also be experiencing profit-taking following its large earnings-driven advance. Analysts cut Carnival forecasts

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.