Royal Caribbean Cruises (NYSE:RCL) Issues Q3 2026 Earnings Guidance

Royal Caribbean Cruises (NYSE:RCL) updated its third quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.260-6.360 for the period, compared to the consensus earnings per share estimate of 6.320. The company issued revenue guidance of -. Royal Caribbean Cruises also updated its FY 2026 guidance to 17.730-17.870 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Mizuho set a $380.00 price target on Royal Caribbean Cruises in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $296.00 target price on shares of Royal Caribbean Cruises in a report on Friday, May 1st. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $410.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Truist Financial lowered their price objective on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $350.50.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $314.15 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.21 and a debt-to-equity ratio of 2.03. Royal Caribbean Cruises has a twelve month low of $232.10 and a twelve month high of $366.50. The business has a 50-day moving average price of $293.37 and a 200-day moving average price of $289.53. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.76.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $4.38 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. 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, equities research analysts predict that Royal Caribbean Cruises will post 17.8 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd were given a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 36.61%.

Trending Headlines about Royal Caribbean Cruises

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 consensus estimate, while revenue reached approximately $4.83 billion and increased 6.5% year over year. Strong close-in bookings, onboard spending and cost efficiencies supported the profit beat. Royal Caribbean lifts full-year EPS forecast on strong demand
• Positive Sentiment: The company raised its 2026 adjusted EPS forecast to $17.73-$17.87 and reaffirmed expected net yield growth of 1.75%-2.25%, signaling continued pricing power and resilient demand. Royal Caribbean forecasts 2026 adjusted EPS
• Positive Sentiment: Royal Caribbean continues to return capital through an accelerated share-repurchase program, with roughly $1 billion or more in buybacks reported during the first half of 2026. Fleet expansion, private destinations and river cruises provide additional longer-term growth drivers. Royal Caribbean growth drivers investors should watch
• Neutral Sentiment: Morgan Stanley raised its price target from $280 to $300 but maintained an “equal weight” rating. The new target remains below the referenced $324.04 share price, suggesting the analyst sees limited near-term upside despite the improved outlook.
• Negative Sentiment: Royal Caribbean reduced its 2026 revenue-growth forecast from 10% to approximately 9% and adjusted itinerary expectations as geopolitical tensions moderated bookings, particularly in Europe. Higher fuel costs and the company’s substantial debt load also remain risks. Royal Caribbean stock outlook and geopolitical risks

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Royal Caribbean Cruises by 40.8% during the 1st quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock worth $4,297,000 after acquiring an additional 6,063 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $1,762,000. Baird Financial Group Inc. boosted its position in shares of Royal Caribbean Cruises by 5.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,772 shares of the company’s stock valued at $1,494,000 after acquiring an additional 243 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of Royal Caribbean Cruises in the second quarter valued at $357,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

About Royal Caribbean Cruises

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.