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Carnival Corp rated 'Buy' on strong Q1 results and $14B shareholder returns plan

Analyst Insights
28 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Carnival Corporation & plc received a 'Buy' rating due to strong demand, a 2.7% year-over-year net yield increase, and a 50% jump in adjusted EPS to $0.20 in Q1, with record revenues of $6.2 billion. The company plans $14 billion in shareholder distributions from 2026 to 2029, including a $2.5 billion buyback and over $800 million in dividends starting in 2026. Despite challenges from rising fuel costs, operational improvements and cautious capacity expansion support a positive outlook, with shares trading at a significant discount compared to the sector's forward P/E ratio.

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