Carnival (NYSE:CCL) Reaches New 52-Week Low – Here’s Why

Carnival Corporation (NYSE:CCL)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $23.05 and last traded at $22.85, with a volume of 211805 shares changing hands. The stock had previously closed at $23.20.

Wall Street Analysts Forecast Growth

CCL has been the topic of several recent research reports. Loop Capital started coverage on shares of Carnival in a research report on Monday, June 1st. They set a “buy” rating and a $36.00 target price on the stock. Barclays decreased their price target on shares of Carnival from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. TD Cowen raised their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Finally, Truist Financial boosted their price objective on shares of Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.08.

Carnival Trading Down 1.4%

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 firm has a market cap of $31.34 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.02 and a beta of 2.31. The firm’s fifty day moving average is $26.59 and its 200-day moving average is $27.04.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the business posted $0.35 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Equities analysts anticipate that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.6%. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Hedge Funds Weigh In On Carnival

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

About Carnival

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.