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

Royal Caribbean Cruises (NYSE:RCL) updated its FY 2026 earnings guidance on Tuesday. The company provided 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.

Analysts Set New Price Targets

Several research firms have commented on RCL. Barclays dropped their price target on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft set a $296.00 price target on Royal Caribbean Cruises in a research report on Friday, May 1st. Stifel Nicolaus set a $410.00 price objective on Royal Caribbean Cruises in a research report on Friday, May 1st. Finally, BMO Capital Markets assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 7th. They set an “outperform” rating and a $370.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $345.05.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $304.15 on Tuesday. Royal Caribbean Cruises has a 1-year low of $232.10 and a 1-year high of $366.50. The stock has a market cap of $81.57 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.20 and a quick ratio of 0.17. The firm has a fifty day moving average price of $290.47 and a 200 day moving average price of $289.25.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a return on equity of 45.25% and a net margin of 24.36%.The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the company posted $4.38 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Royal Caribbean Cruises will post 17.29 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 3rd were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a yield of 2.0%. Royal Caribbean Cruises’s payout ratio is 36.61%.

Royal Caribbean Cruises News Summary

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

• Positive Sentiment: Royal Caribbean reported second-quarter adjusted EPS of $4.21, ahead of the $3.98 analyst consensus, while revenue of $4.83 billion was slightly above expectations. Results benefited from strong close-in demand, lower costs and favorable joint-venture performance. Royal Caribbean Group Reports Second Quarter Results Above Expectations and Raises Full-Year Guidance
• Positive Sentiment: Full-year 2026 adjusted EPS guidance was raised to $17.73-$17.87, above the $17.32 consensus estimate. The stronger profit outlook suggests management expects resilient demand and continued operating leverage. Royal Caribbean Group Reports Second Quarter Results Above Expectations and Raises Full-Year Guidance
• Neutral Sentiment: Third-quarter EPS guidance of $6.26-$6.36 brackets the $6.32 consensus estimate, indicating expectations are broadly in line rather than signaling a major near-term earnings surprise.
• Negative Sentiment: The company’s full-year revenue outlook of approximately $19.5 billion is below the $19.6 billion analyst estimate. Royal Caribbean also cut its revenue outlook as prolonged geopolitical uncertainty pressured second-quarter bookings, raising concerns about demand and future pricing. Royal Caribbean Cuts Revenue Outlook as Bookings Remain Pressured

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth $26,000. Quattro Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $27,000. Atlas Capital Advisors Inc. purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $30,000. Finally, JPL Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 3rd quarter valued at about $37,000. 87.53% of the stock is owned by institutional investors and hedge funds.

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.