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.

Analyst Ratings Changes

RCL has been the topic of several research analyst reports. BMO Capital Markets started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 7th. They set an “outperform” rating and a $370.00 price target on the stock. Truist Financial reduced their target price on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a report on Friday, May 22nd. Morgan Stanley decreased their target price on Royal Caribbean Cruises from $310.00 to $280.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Thursday, June 18th. Finally, UBS Group cut their price target on shares of Royal Caribbean Cruises from $321.00 to $309.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $345.05.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $304.91 on Tuesday. 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 has a twelve month low of $232.10 and a twelve month high of $366.50. The stock has a market capitalization of $81.78 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.04 and a beta of 1.76. The company has a 50 day moving average of $290.47 and a 200-day moving average of $289.25.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 24.36% and a return on equity of 45.25%. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.82 billion. 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 forecast that Royal Caribbean Cruises will post 17.29 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RCL. University of Texas Texas AM Investment Management Co. bought a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $27,000. Quattro Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $27,000. Atlas Capital Advisors Inc. bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $30,000. Finally, JPL Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the third quarter valued at $37,000. 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.