Royal Caribbean Cruises (NYSE:RCL) Releases FY 2024 Earnings Guidance

Royal Caribbean Cruises (NYSE:RCL) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 10.700-10.900 for the period, compared to the consensus estimate of 10.060. The company issued revenue guidance of -. Royal Caribbean Cruises also updated its FY24 guidance to $10.70 to $10.90 EPS.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Macquarie lifted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an outperform rating in a research report on Friday, March 15th. Wells Fargo & Company lifted their price objective on Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an overweight rating in a research note on Friday. Barclays lifted their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a research note on Friday. UBS Group lifted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a research note on Friday, February 16th. Finally, Susquehanna lifted their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a positive rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $138.76.

Royal Caribbean Cruises Stock Up 2.3 %

RCL traded up $3.11 on Friday, hitting $140.58. 2,759,776 shares of the company were exchanged, compared to its average volume of 2,785,707. Royal Caribbean Cruises has a twelve month low of $59.38 and a twelve month high of $141.70. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. The firm has a 50-day moving average price of $130.20 and a two-hundred day moving average price of $117.47.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. On average, equities analysts predict that Royal Caribbean Cruises will post 10.06 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.