Carnival (NYSE:CCL) Issues FY 2026 Earnings Guidance

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

Carnival Trading Down 5.9%

Carnival stock traded down $1.79 during midday trading on Tuesday, reaching $28.40. The stock had a trading volume of 19,489,392 shares, compared to its average volume of 25,833,057. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. Carnival has a 52-week low of $23.45 and a 52-week high of $34.03. The firm has a market cap of $35.19 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.36 and a beta of 2.32. The company has a fifty day moving average of $27.33 and a 200 day moving average of $28.35.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.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, analysts anticipate that Carnival will post 2.22 earnings per share for the current fiscal year.

Carnival Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCL. TD Cowen increased their target price on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Loop Capital began coverage on shares of Carnival in a research report on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Carnival in a research report on Tuesday, March 3rd. Mizuho lifted their price target on shares of Carnival from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Finally, Wells Fargo & Company lowered their price target on Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.94.

Insider Buying and Selling at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was 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. This represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the sale, the director owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,058 shares of company stock worth $1,524,195 in the last ninety days. Insiders own 7.90% of the company’s stock.

Carnival News Summary

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

Institutional Trading of Carnival

Several hedge funds have recently modified their holdings of CCL. Viking Global Investors LP purchased a new position in shares of Carnival in the 4th quarter worth approximately $429,448,000. Wellington Management Group LLP boosted its stake in Carnival by 99.6% in the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after acquiring an additional 6,066,336 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Carnival by 1,619.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock worth $156,740,000 after purchasing an additional 4,833,723 shares during the last quarter. Invesco Ltd. grew its holdings in Carnival by 27.5% in the fourth quarter. Invesco Ltd. now owns 13,922,516 shares of the company’s stock worth $425,194,000 after purchasing an additional 3,005,752 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Carnival during the fourth quarter worth $77,733,000. 67.19% of the stock is owned by hedge funds and other 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.