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

Royal Caribbean Cruises (NYSE:RCL) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.400-1.450 for the period, compared to the consensus 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

NYSE RCL opened at $203.58 on Tuesday. The stock has a fifty day simple moving average of $177.25 and a 200-day simple moving average of $159.77. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The stock has a market cap of $52.39 billion, a PE ratio of 22.20, a P/E/G ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises has a twelve month low of $83.25 and a twelve month high of $207.70.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RCL shares. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays increased their price objective on shares of Royal Caribbean Cruises from $195.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Mizuho boosted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. UBS Group raised their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Truist Financial lifted their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus target price of $197.27.

Insider Activity

In other news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 7.95% 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.