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

Royal Caribbean Cruises (NYSE:RCL) updated its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 6.260-6.360 for the period, compared to the consensus 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 Analyst Weigh In

RCL has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Royal Caribbean Cruises from $376.00 to $341.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Loop Capital initiated coverage on Royal Caribbean Cruises in a report on Monday, June 1st. They set a “hold” rating and a $304.00 target price on the stock. Stifel Nicolaus set a $410.00 price target on shares of Royal Caribbean Cruises in a report on Friday, May 1st. Zacks Research raised shares of Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Finally, Barclays cut their target price 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $345.05.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $304.15 on Tuesday. The company’s 50 day moving average price is $290.47 and its 200 day moving average price is $289.25. Royal Caribbean Cruises has a 52 week low of $232.10 and a 52 week high of $366.50. The company has a market capitalization of $81.57 billion, a PE ratio of 18.47, a PEG ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.20.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.23. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.38 EPS. 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. Research analysts expect that Royal Caribbean Cruises will post 17.29 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 3rd were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, June 3rd. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 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 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

Institutional Inflows and Outflows

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

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.