Royal Caribbean Cruises (NYSE:RCL) Issues FY 2026 Earnings Guidance

Royal Caribbean Cruises (NYSE:RCL) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 17.730-17.870 for the period, compared to the consensus earnings per share estimate of 17.320. The company issued revenue guidance of $19.5 billion-$19.5 billion, compared to the consensus revenue estimate of $19.6 billion. Royal Caribbean Cruises also updated its Q3 2026 guidance to 6.260-6.360 EPS.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded up $2.40 during trading hours on Wednesday, hitting $324.90. The company had a trading volume of 315,212 shares, compared to its average volume of 2,638,537. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.20. The firm has a market capitalization of $87.14 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.08 and a beta of 1.76. Royal Caribbean Cruises has a 12 month low of $232.10 and a 12 month high of $366.50. The firm’s fifty day moving average is $291.98 and its 200 day moving average is $289.39.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.99 by $0.22. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Royal Caribbean Cruises had a net margin of 24.36% and a return on equity of 45.25%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.38 earnings per share. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. On average, sell-side analysts predict that Royal Caribbean Cruises will post 17.29 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio is 36.61%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Zacks Research upgraded shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a report on Thursday, June 18th. Mizuho set a $380.00 price target on shares of Royal Caribbean Cruises in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on Royal Caribbean Cruises from $376.00 to $341.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $388.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $349.50.

More Royal Caribbean Cruises News

Here are the key news stories impacting Royal Caribbean Cruises this week:

• Positive Sentiment: Profit exceeded expectations: Royal Caribbean reported adjusted EPS of $4.21, above analysts’ roughly $3.99 estimate, while revenue of $4.83 billion was broadly in line with forecasts and increased approximately 6.5% year over year. Strong close-in demand, cost efficiencies and joint-venture performance supported the earnings beat. Royal Caribbean Group Reports Second Quarter Results Above Expectations and Raises Full Year Guidance
• Positive Sentiment: Higher bottom-line outlook: The company raised its full-year 2026 adjusted EPS guidance to $17.73-$17.87, above the prior outlook and consensus near $17.32. Third-quarter EPS guidance of $6.26-$6.36 was close to expectations, reinforcing the view that pricing, demand and cost control remain favorable. Royal Caribbean Raises Full-Year Guidance
• Positive Sentiment: Capital returns and bookings remain supportive: Royal Caribbean has continued substantial share repurchases, totaling roughly $1.19 billion since late 2025, and investors cited record booking prices and volumes as evidence of resilient cruise demand. Royal Caribbean Not Priced for Perfecta
• Neutral Sentiment: Revenue outlook trimmed: Royal Caribbean reduced its 2026 revenue-growth forecast from 10% to approximately 9% and narrowed reported net-yield guidance, while maintaining its constant-currency outlook. The revision reflects uncertainty rather than a major deterioration in underlying demand. Royal Caribbean Q2 Wavy Geopolitics Creates Bumpy Cruise Outlook
• Negative Sentiment: Geopolitical and cost risks remain: Prolonged geopolitical uncertainty has pressured bookings, while higher fuel costs and Royal Caribbean’s roughly $23 billion debt load could weigh on results if travel demand weakens or disruptions intensify. Royal Caribbean Cuts Revenue Outlook as Bookings Remain Pressured

Institutional Investors Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cambient Family Office LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at about $208,000. Compound Planning Inc. lifted its stake in Royal Caribbean Cruises by 187.8% in the 4th quarter. Compound Planning Inc. now owns 11,122 shares of the company’s stock worth $3,102,000 after acquiring an additional 7,257 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Royal Caribbean Cruises by 45.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,211 shares of the company’s stock worth $895,000 after acquiring an additional 1,004 shares in the last quarter. Corient Private Wealth LLC boosted its position in Royal Caribbean Cruises by 252.5% during the 4th quarter. Corient Private Wealth LLC now owns 173,083 shares of the company’s stock worth $48,276,000 after acquiring an additional 123,985 shares during the period. Finally, Strive Financial Group LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at about $51,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.