Royal Caribbean shares slip as refinancing and growth estimates draw attention
The cruise group’s stock ended September 18 lower after new debt financing, while reported quarterly revenue exceeded the consensus estimate.
Royal Caribbean Group shares closed at $245.73 on the New York Stock Exchange on September 18, 2026, a decline of 1.61% from the previous close. Market data showed the stock recovering slightly to $246.57 in extended-hours trading.
According to a financial analysis, Royal Caribbean completed a $1.25 billion note offering with a 5.55% coupon and a 2034 maturity. The proceeds were intended to refinance floating-rate loans. The analysis also reported that the company confirmed dividends totaling $1.50 per share, with an ex-dividend date in mid-September and a payout ratio of approximately 31%.
The company’s latest reported quarterly revenue reached $4.83 billion, according to estimates data, rising 6.5% year over year and exceeding the $4.81 billion consensus forecast by 0.45%. Current-quarter consensus projections called for earnings of $6.35 per share and sales of $5.58 billion, representing expected annual growth of 10.4% and 8.6%, respectively.
For the current fiscal year, consensus estimates were $17.78 per share in earnings and $19.58 billion in sales. Next-year forecasts stood at $20.12 per share and $20.96 billion, implying projected growth of 13.1% and 7%, respectively.
