Royal Caribbean shares rise amid planned Sandals and Beaches investment
The cruise operator’s stock gained as investors assessed a proposed resort joint venture and recent financial results.
Royal Caribbean shares traded at USD 286.25 on the New York Stock Exchange at 11:39 a.m. ET on October 6, 2026, up 4.08% from the previous close.
According to PR Newswire, Royal Caribbean announced on September 23, 2026, that it planned to invest USD 3.0 billion for a 50% stake in Sandals and Beaches Resorts. PR Newswire reported that the transaction would form a joint venture spanning Royal Caribbean’s cruise brands and the all-inclusive resorts operated under the Sandals and Beaches brands.
PR Newswire also reported that the transaction values the resort business at a forward EBITDA multiple of 10x and uses committed debt financing from Morgan Stanley. The deal is expected to close in early 2027, subject to approvals.
For the quarter ended June 30, 2026, Royal Caribbean reported USD 4.832 billion in revenue, diluted EPS of USD 4.20, net income of USD 1.136 billion and a 37% EBITDA margin. Stock Titan reported adjusted EPS of USD 4.21, compared with a USD 3.98 consensus estimate, while revenue rose 6% year over year.
According to Stock Titan, management set full-year 2026 adjusted EPS guidance at USD 17.73 to USD 17.87. MarketBeat listed a Moderate Buy consensus among 23 analysts, comprising 16 Buy and seven Hold ratings, with no Sell ratings.
