Royal Caribbean Cruises (NYSE:RCL) Updates FY24 Earnings Guidance

by · The Cerbat Gem

Royal Caribbean Cruises (NYSE:RCL – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $11.57-11.62 for the period, compared to the consensus EPS estimate of $11.58. Royal Caribbean Cruises also updated its FY 2024 guidance to 11.570-11.620 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RCL shares. Barclays upped their target price on Royal Caribbean Cruises from $195.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Truist Financial raised their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America lifted their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Mizuho increased their price objective 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.27.

Get Our Latest Stock Report on Royal Caribbean Cruises

Royal Caribbean Cruises Price Performance

RCL traded up $6.11 during trading on Tuesday, hitting $209.63. 2,750,905 shares of the stock traded hands, compared to its average volume of 2,391,191. The business has a 50 day moving average price of $177.25 and a 200 day moving average price of $159.77. The company has a market cap of $53.95 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 0.58 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises has a twelve month low of $83.25 and a twelve month high of $214.12.

Insider Activity at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, 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 ownership of the stock. 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

(Get Free Report)

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.

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