Royal Caribbean Cruises (RCL) Set to Release Earnings on Tuesday

Key Points

• Royal Caribbean is expected to report Q3 2026 results before Tuesday’s market open. Analysts forecast earnings of $6.38 per share on $5.61 billion in revenue, compared with the company’s Q3 EPS guidance of $6.26–$6.36.
• The cruise operator beat expectations in its prior quarter, reporting $4.21 EPS and $4.83 billion in revenue, with revenue rising 6.5% year over year. Full-year 2026 analyst estimates average $17.79 EPS.
• RCL shares recently traded at $282.50, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $350.88; the company also pays a quarterly dividend of $1.50, yielding about 2.1%.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) is anticipated to post its Q3 2026 results before the market opens on Tuesday, October 27th. Analysts expect Royal Caribbean Cruises to post earnings of $6.38 per share and revenue of $5.61 billion for the quarter. 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. Parties are encouraged to explore the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Tuesday, October 27, 2026 at 10:00 AM ET.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the firm earned $4.38 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. On average, analysts expect Royal Caribbean Cruises to post $17.79 EPS for the current fiscal year and $20.13 EPS for the next fiscal year.

Royal Caribbean Cruises Stock Up 1.7%

Shares of RCL stock opened at $282.50 on Tuesday. Royal Caribbean Cruises has a 12-month low of $222.22 and a 12-month high of $356.39. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03. The firm has a fifty day moving average of $273.03 and a 200-day moving average of $281.99. The company has a market capitalization of $75.55 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 0.98 and a beta of 1.82.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises's payout ratio is currently 37.08%.

Analyst Ratings Changes

RCL has been the subject of a number of research analyst reports. Freedom Capital lowered shares of Royal Caribbean Cruises from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Morgan Stanley increased their target price on Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $410.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and boosted their price target for the company from $305.00 to $330.00 in a report on Thursday, October 8th. Finally, Northcoast Research cut their price target on Royal Caribbean Cruises from $368.00 to $335.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $350.88.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Michael Bayley sold 12,811 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the completion of the transaction, the chief executive officer directly owned 45,297 shares of the company's stock, valued at $14,313,399.03. This trade represents a 22.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.44% of the stock is owned by corporate insiders.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group NYSE: RCL, is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company's principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.

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