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

Royal Caribbean Cruises (NYSE:RCL) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 17.700-18.100 for the period, compared to the consensus EPS estimate of 17.690. The company issued revenue guidance of -. Royal Caribbean Cruises also updated its Q1 2026 guidance to 3.180-3.280 EPS.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $344.44 on Friday. The firm has a fifty day simple moving average of $281.28 and a two-hundred day simple moving average of $304.44. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. Royal Caribbean Cruises has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a market capitalization of $93.93 billion, a PE ratio of 23.16, a P/E/G ratio of 0.81 and a beta of 1.94.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.80 earnings per share for the quarter, meeting the consensus estimate of $2.80. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.28 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%. Research analysts expect that Royal Caribbean Cruises will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 26th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Royal Caribbean Cruises declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 10th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Citigroup reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday, January 14th. Mizuho upped their target price on shares of Royal Caribbean Cruises from $378.00 to $381.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Bank of America raised their price target on shares of Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, TD Cowen restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.33.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.95% of the stock is currently owned by company insiders.

Key Headlines Impacting Royal Caribbean Cruises

Here are the key news stories impacting Royal Caribbean Cruises this week:

• Positive Sentiment: Company raised FY‑2026 adjusted EPS guidance to $17.70–$18.10, slightly above the Street consensus (17.69), signaling management expects continued margin and revenue strength. PR Newswire: 2025 Results & 2026 Guidance
• Positive Sentiment: Q1 2026 EPS guide raised to $3.18–$3.28 versus consensus ~$2.94 — a material upside to the near-term earnings run‑rate that helps justify a re‑rating of the stock. PR Newswire: 2025 Results & 2026 Guidance
• Positive Sentiment: Management reported record WAVE‑season bookings and higher onboard spend, supporting the upbeat 2026 revenue and profit outlook. Market commentary and analyst notes pointed to strong demand from higher‑spending travelers. Reuters: Raises Annual Profit Forecast
• Positive Sentiment: Company is expanding its vacation portfolio — Discovery Class ship orders and a 10‑ship commitment for Celebrity River Cruises boost long‑term capacity and higher‑margin product mix. These investments signal confidence in demand and potential revenue diversification. PR Newswire: Discovery Class Orders PR Newswire: Celebrity River Cruises Fleet
• Neutral Sentiment: Q4 EPS of $2.80 matched consensus, with revenue just shy of estimates — the quarter showed strong margins and higher onboard spend but wasn’t a blowout vs. expectations. MarketBeat: Q4 Results & Call
• Negative Sentiment: Revenue narrowly missed consensus and short‑term liquidity metrics remain weak (very low current/quick ratios in company background data), leaving the stock exposed to macro shocks or higher rates despite the upbeat guidance. Zacks: Q4 Lag but Strong 2026 View

Institutional Investors Weigh In On Royal Caribbean Cruises

Large investors have recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Royal Caribbean Cruises by 0.8% in the third quarter. State Street Corp now owns 10,576,751 shares of the company’s stock worth $3,433,052,000 after buying an additional 84,202 shares during the period. Northern Trust Corp lifted its position in shares of Royal Caribbean Cruises by 2.7% during the third quarter. Northern Trust Corp now owns 2,474,766 shares of the company’s stock worth $800,785,000 after purchasing an additional 65,714 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Royal Caribbean Cruises by 18.0% during the second quarter. Raymond James Financial Inc. now owns 1,046,736 shares of the company’s stock valued at $327,775,000 after purchasing an additional 159,690 shares during the period. Wellington Management Group LLP boosted its stake in shares of Royal Caribbean Cruises by 19.2% during the third quarter. Wellington Management Group LLP now owns 725,409 shares of the company’s stock valued at $234,728,000 after purchasing an additional 116,623 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Royal Caribbean Cruises by 5.3% in the third quarter. California State Teachers Retirement System now owns 377,865 shares of the company’s stock worth $122,270,000 after purchasing an additional 18,894 shares during 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.