Carnival (CCL) Set to Release Quarterly Earnings on Tuesday

Carnival (NYSE:CCL) is expected to release its Q3 2026 results before the market opens on Tuesday, September 29th. Analysts expect Carnival to announce earnings of $1.35 per share and revenue of $8.3869 billion for the quarter. Interested persons may review the information on the company’s upcoming Q3 2026 earning report for the latest details on the call scheduled for Tuesday, September 29, 2026 at 10:00 AM ET.

Carnival Price Performance

Shares of CCL opened at $22.28 on Monday. Carnival has a 1-year low of $21.45 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The stock has a market cap of $30.51 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.06 and a beta of 2.31. The firm has a fifty day moving average price of $25.36 and a 200 day moving average price of $26.35.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 7th. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Citigroup lifted their target price on shares of Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Melius Research set a $36.00 price target on shares of Carnival in a research report on Wednesday, June 17th. The Goldman Sachs Group decreased their price target on shares of Carnival from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Finally, Sanford C. Bernstein lowered shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. One investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.45.

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

About Carnival

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.