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

Royal Caribbean Cruises Ltd. (NYSE:RCL) – Equities research analysts at William Blair cut their Q4 2024 earnings estimates for Royal Caribbean Cruises in a report released on Thursday, April 25th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $1.58 for the quarter, down from their previous forecast 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, beating the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises’s revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company posted ($0.23) earnings per share.

Several other equities analysts have also issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Barclays lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Mizuho lifted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.76.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $140.59 on Monday. The firm 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 company’s 50 day moving average is $130.20 and its 200 day 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 52-week low of $59.38 and a 52-week high of $141.70.

Insider Activity at Royal Caribbean Cruises

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RCL. Kowal Investment Group LLC raised its position in shares of Royal Caribbean Cruises by 4.0% during the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares during the last quarter. West Branch Capital LLC raised its position in shares of Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Royal Caribbean Cruises by 11.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock worth $143,000 after purchasing an additional 107 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Royal Caribbean Cruises by 2.7% during the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock worth $598,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

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.