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

Royal Caribbean Cruises (NYSE:RCL) updated its fourth quarter 2024 earnings guidance on Tuesday. 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.

Analyst Upgrades and Downgrades

Several analysts recently commented on RCL shares. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Citigroup upped their price target on Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Finally, Tigress Financial upped their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.27.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $203.58 on Tuesday. The company has a fifty day simple moving average of $177.25 and a 200-day simple moving average of $159.77. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The firm has a market capitalization of $52.39 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises has a 52-week low of $83.25 and a 52-week high of $207.70.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction that occurred 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 $4,095,164.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Laura H. Bethge sold 3,073 shares of the firm’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 completion of the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated 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 $4,095,164.50. This trade 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 owned by insiders.

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.