Royal Caribbean Cruises (NYSE:RCL) Releases Q4 2024 Earnings Guidance

Royal Caribbean Cruises (NYSE:RCL) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.400-1.450 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of -. Royal Caribbean Cruises also updated its FY 2024 guidance to 11.570-11.620 EPS.

Royal Caribbean Cruises Stock Performance

RCL traded up $8.94 during trading on Tuesday, hitting $212.46. The stock had a trading volume of 2,393,265 shares, compared to its average volume of 2,389,480. The firm has a market capitalization of $54.68 billion, a P/E ratio of 22.20, a PEG ratio of 0.58 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. Royal Caribbean Cruises has a twelve month low of $83.25 and a twelve month high of $214.12. The company’s 50-day moving average price is $177.25 and its 200 day moving average price is $159.77.

Wall Street Analysts Forecast Growth

RCL has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.27.

Insiders Place Their Bets

In related news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Company Profile

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.