Analysts Issue Forecasts for Royal Caribbean Cruises Ltd.’s Q4 2024 Earnings (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCL) – Equities researchers at William Blair dropped their Q4 2024 earnings estimates for shares of Royal Caribbean Cruises in a note issued to investors on Thursday, April 25th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $1.58 for the quarter, down from their previous estimate of $1.77. The consensus estimate for Royal Caribbean Cruises’ current full-year earnings is $10.80 per share.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm posted ($0.23) EPS. Royal Caribbean Cruises’s revenue for the quarter was up 29.2% on a year-over-year basis.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a report on Friday. UBS Group lifted their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Macquarie lifted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Barclays lifted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.76.

Royal Caribbean Cruises Stock Up 2.3 %

Shares of NYSE:RCL opened at $140.59 on Monday. The company has a market cap of $36.09 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.47 and a beta of 2.52. The firm’s 50-day simple moving average is $130.20 and its 200-day simple moving average is $117.87. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises has a fifty-two week low of $59.38 and a fifty-two week high of $141.70.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. Asset Management One Co. Ltd. raised its position in shares of Royal Caribbean Cruises by 2.9% in the third quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock valued at $9,623,000 after buying an additional 2,907 shares during the last quarter. Simplicity Solutions LLC raised its position in shares of Royal Caribbean Cruises by 1.6% in the third quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock valued at $2,097,000 after buying an additional 350 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Accurate Wealth Management LLC raised its position in shares of Royal Caribbean Cruises by 2.7% in the third quarter. Accurate Wealth Management LLC now owns 11,270 shares of the company’s stock valued at $975,000 after buying an additional 294 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its position in shares of Royal Caribbean Cruises by 4.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 135,474 shares of the company’s stock valued at $12,483,000 after buying an additional 5,951 shares during the last quarter. Institutional investors and hedge funds own 87.53% 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.