Royal Caribbean Cruises (NYSE:RCL) Announces Quarterly Earnings Results

Royal Caribbean Cruises (NYSE:RCL) issued its quarterly earnings results on Tuesday. The company reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.23, FiscalAI reports. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Royal Caribbean Cruises had a return on equity of 45.25% and a net margin of 24.36%. Royal Caribbean Cruises updated its FY 2026 guidance to 17.730-17.870 EPS and its Q3 2026 guidance to 6.260-6.360 EPS.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $304.91 on Tuesday. The company has a market capitalization of $81.78 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.04 and a beta of 1.76. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 1.96. The stock’s 50-day simple moving average is $290.47 and its 200-day simple moving average is $289.25. Royal Caribbean Cruises has a 52 week low of $232.10 and a 52 week high of $366.50.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd were given a $1.50 dividend. 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 payout ratio 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 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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Royal Caribbean Cruises from $360.00 to $361.00 and gave the company an “overweight” rating in a research report on Monday, June 22nd. Freedom Capital raised shares of Royal Caribbean Cruises to a “strong-buy” rating in a report on Wednesday, June 3rd. Morgan Stanley decreased their target price on shares of Royal Caribbean Cruises from $310.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 26th. TD Cowen lowered their price target on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Finally, Loop Capital began coverage on shares of Royal Caribbean Cruises in a research report on Monday, June 1st. They issued a “hold” rating and a $304.00 price target for the company. Two 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $345.05.

Institutional Trading of Royal Caribbean Cruises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Royal Caribbean Cruises by 0.8% in the 3rd quarter. State Street Corp now owns 10,576,751 shares of the company’s stock worth $3,433,052,000 after purchasing an additional 84,202 shares in the last quarter. Northern Trust Corp grew its holdings in Royal Caribbean Cruises by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,474,766 shares of the company’s stock valued at $800,785,000 after buying an additional 65,714 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Royal Caribbean Cruises by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,918,296 shares of the company’s stock valued at $535,079,000 after buying an additional 47,401 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Royal Caribbean Cruises by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,640,646 shares of the company’s stock valued at $457,610,000 after buying an additional 15,285 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Royal Caribbean Cruises by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,515,043 shares of the company’s stock worth $422,576,000 after buying an additional 16,417 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

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.