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

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

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $304.91 on Tuesday. Royal Caribbean Cruises has a 52-week low of $232.10 and a 52-week high of $366.50. The company has a market cap 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 firm’s fifty day moving average is $290.47 and its 200 day moving average is $289.25. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 1.96.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.23. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate 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 has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. Sell-side analysts forecast that Royal Caribbean Cruises will post 17.29 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.0%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 36.61%.

Wall Street Analyst Weigh In

RCL has been the subject of several recent research reports. Citigroup reduced their price target on shares of Royal Caribbean Cruises from $362.00 to $327.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. BMO Capital Markets assumed coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $370.00 price objective for the company. Zacks Research raised Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 18th. Wells Fargo & Company lifted their price target on Royal Caribbean Cruises from $360.00 to $361.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Finally, TD Cowen reduced their price target on Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Two investment 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $345.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Quattro Advisors LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new position in Royal Caribbean Cruises in the fourth quarter worth $27,000. Atlas Capital Advisors Inc. purchased a new position in Royal Caribbean Cruises in the fourth quarter worth $30,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $37,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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.