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

Royal Caribbean Cruises (NYSE:RCL) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 11.570-11.620 for the period, compared to the consensus EPS estimate of 11.580. The company issued revenue guidance of -. Royal Caribbean Cruises also updated its FY24 guidance to $11.57-11.62 EPS.

Royal Caribbean Cruises Trading Up 1.3 %

NYSE:RCL opened at $203.58 on Tuesday. 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 one year low of $83.25 and a one year high of $207.70. The company has a market cap of $52.39 billion, a PE ratio of 22.20, a PEG ratio of 0.58 and a beta of 2.61. The firm has a 50-day moving average of $177.25 and a 200-day moving average of $159.77.

Analyst Upgrades and Downgrades

RCL has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. The Goldman Sachs Group increased their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. UBS Group boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Bank of America increased their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $197.27.

Insider Activity

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