Royal Caribbean earnings exceed analyst estimates as investor acquires shares
The cruise company reported quarterly revenue growth and provided fiscal-year and third-quarter 2026 earnings guidance.
Quantitative Investment Management LLC acquired 11,295 shares of Royal Caribbean Cruises stock valued at approximately $3,586,000, according to the report. Hedge funds and other institutional investors own 87.53% of the stock, the report stated.
Royal Caribbean reported quarterly earnings of $4.21 per share, compared with the analyst consensus estimate of $3.98. Quarterly revenue was $4.83 billion, compared with analyst estimates of $4.82 billion. The report said revenue increased 6.5% year over year.
The company set fiscal-year 2026 earnings-per-share guidance at 17.730-17.870 and third-quarter 2026 earnings-per-share guidance at 6.260-6.360.
According to the report, Chief Executive Michael W. Bayley sold 12,811 shares at an average price of $315.99, giving the transaction a total value of $4,048,147.89. MarketBeat reported that Royal Caribbean had an average analyst rating of Moderate Buy and a consensus price target of $353.40.