Royal Caribbean Cruises (NYSE:RCL) Releases Quarterly Earnings Results

Royal Caribbean Cruises (NYSE:RCL) issued its quarterly earnings results on Tuesday. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13, Zacks reports. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. During the same period last year, the business earned $1.25 EPS. Royal Caribbean Cruises updated its Q1 2025 guidance to 2.430-2.530 EPS and its FY 2025 guidance to 14.350-14.650 EPS.

Royal Caribbean Cruises Stock Up 1.3 %

Shares of RCL opened at $268.77 on Thursday. The firm has a 50 day simple moving average of $238.47 and a two-hundred day simple moving average of $200.21. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises has a one year low of $113.10 and a one year high of $271.31. The company has a market cap of $72.27 billion, a P/E ratio of 27.62, a P/E/G ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 annualized dividend and a dividend yield of 0.82%. Royal Caribbean Cruises’s dividend payout ratio is 22.61%.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,609 shares of company stock worth $87,647,208. Insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Mizuho restated an “outperform” rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $271.06.

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.