Carnival (NYSE:CCL – Get Free Report) is projected to post its Q3 2026 results before the market opens on Tuesday, September 29th. Analysts expect the company to announce earnings of $1.35 per share and revenue of $8.3869 billion for the quarter. Investors can find conference call details on the company’s upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Tuesday, September 29, 2026 at 10:00 AM ET.
Carnival Stock Up 2.2%
Carnival stock opened at $22.28 on Friday. The company has a 50 day moving average of $25.36 and a 200-day moving average of $26.35. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. Carnival has a twelve month low of $21.45 and a twelve month high of $34.03. The stock has a market capitalization of $30.51 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.97 and a beta of 2.31.
Carnival Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s payout ratio is currently 27.03%.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Carnival
Key Stories Impacting Carnival
Here are the key news stories impacting Carnival this week:
- Positive Sentiment: Analysts remain broadly constructive despite recent weakness. Bank of America maintained a “buy” rating with a revised $38 price target, while JPMorgan retained an “overweight” rating and set a $39 target. These targets imply substantial upside if Carnival can demonstrate that current pressures are temporary. Bank of America Carnival price target article
- Positive Sentiment: Demand and pricing have remained relatively resilient. Carnival reportedly reduced its 2026 yield outlook partly to protect ticket prices rather than fill ships at heavy discounts, suggesting the business has not experienced a fundamental demand collapse. Its recent quarterly results also showed year-over-year revenue growth and earnings above estimates. Carnival Europe demand analysis
- Neutral Sentiment: The September 29 earnings release is the immediate catalyst. Investors will focus on bookings, ticket pricing, onboard spending, occupancy, free cash flow and management’s outlook for the remainder of 2026. Carnival Q3 earnings preview
- Negative Sentiment: Surging oil prices are the largest near-term headwind. Carnival is described as the only major cruise operator without fuel hedges, leaving it especially exposed to higher costs; Bank of America expects the impact to be more significant in the fourth quarter than in Q3. Carnival fuel cost and price target article
- Negative Sentiment: Jefferies cut earnings estimates because of higher fuel expenses, softer pricing and disruptions affecting European itineraries. Analysts also warn that operational execution is being overshadowed by geopolitical and travel-related factors beyond Carnival’s control. Carnival fuel and pricing headwinds article
Carnival Company Profile
Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.
The company’s brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.
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