Royal Caribbean Cruises (RCL) Projected to Announce Earnings on Tuesday

Royal Caribbean Cruises (NYSE:RCL) is anticipated to post its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect the company to post earnings of $3.98 per share and revenue of $4.8171 billion for the quarter. Royal Caribbean Cruises has set its Q2 2026 guidance at 3.830-3.930 EPS and its FY 2026 guidance at 17.100-17.500 EPS. Individuals may visit the the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, July 28, 2026 at 10:00 AM ET.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 30th. The company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.40. Royal Caribbean Cruises had a net margin of 24.36% and a return on equity of 45.25%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the firm posted $2.71 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect Royal Caribbean Cruises to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Royal Caribbean Cruises Stock Up 3.4%

Shares of Royal Caribbean Cruises stock opened at $293.00 on Friday. Royal Caribbean Cruises has a twelve month low of $232.10 and a twelve month high of $366.50. The stock has a market cap of $78.58 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 1.96. The company has a fifty day moving average price of $289.42 and a 200 day moving average price of $289.13.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders 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 payout ratio is currently 36.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RCL. Loop Capital assumed coverage on Royal Caribbean Cruises in a research report on Monday, June 1st. They issued a “hold” rating and a $304.00 target price for the company. Barclays reduced their price target on Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Freedom Capital upgraded Royal Caribbean Cruises to a “strong-buy” rating in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of Royal Caribbean Cruises from $321.00 to $309.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, BMO Capital Markets assumed 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 objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $345.05.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently bought and sold shares of RCL. Brighton Jones LLC boosted its stake in Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares during the last quarter. DV Equities LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $99,000. AlphaCentric Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $84,000. Rakuten Securities Inc. raised its stake in shares of Royal Caribbean Cruises by 16.1% in the 2nd quarter. Rakuten Securities Inc. now owns 252 shares of the company’s stock valued at $79,000 after purchasing an additional 35 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of Royal Caribbean Cruises during the third quarter worth about $66,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises News Roundup

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

• Positive Sentiment: Analysts say Royal Caribbean heads into Q2 earnings with strong booking demand and improving digital momentum, which could support another solid quarterly result. Should Investors Hold or Fold RCL Stock Ahead of Q2 Earnings?
• Positive Sentiment: The company recently beat first-quarter expectations, reinforcing the view that Royal Caribbean’s earnings power remains strong even though the stock has lagged broader market gains this year. Should You Buy Royal Caribbean Stock Before July 28?
• Neutral Sentiment: Wall Street estimate roundups ahead of Q2 earnings are keeping attention on key operating metrics, but these previews are not signaling a major new catalyst by themselves. Curious about Royal Caribbean (RCL) Q2 Performance? Explore Wall Street Estimates for Key Metrics
• Neutral Sentiment: Royal Caribbean’s community-center outreach in Mahahual may help strengthen local government relations, but the stock impact is likely limited in the near term. Royal Caribbean courts Mexican government with community center in Mahahual
• Negative Sentiment: Some broader consumer-discretionary commentary remains cautious, noting that demand trends across the group have been mixed, which could temper enthusiasm for cruise stocks. 3 Consumer Stocks We Steer Clear Of
• Negative Sentiment: Citigroup trimmed its price target on Royal Caribbean, which can weigh on sentiment even though the firm still sees upside from current levels. Citigroup Lowers Royal Caribbean Cruises (NYSE:RCL) Price Target to $327.00

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.