William Blair Has Positive Estimate for RCL FY2024 Earnings

Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) - Investment analysts at William Blair lifted their FY2024 earnings per share (EPS) estimates for Royal Caribbean Cruises in a research report issued on Tuesday, October 29th. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $11.64 for the year, up from their prior forecast of $11.61. The consensus estimate for Royal Caribbean Cruises' current full-year earnings is $11.61 per share. William Blair also issued estimates for Royal Caribbean Cruises' FY2025 earnings at $14.44 EPS.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.85 earnings per share.

A number of other analysts have also commented on RCL. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a research note on Wednesday. Mizuho raised their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. StockNews.com lowered Royal Caribbean Cruises from a "hold" rating to a "sell" rating in a research note on Wednesday. Truist Financial raised their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Finally, UBS Group raised their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $214.00.

Royal Caribbean Cruises Price Performance

Shares of RCL traded down $2.01 during trading hours on Thursday, reaching $206.35. 2,422,940 shares of the company traded hands, compared to its average volume of 2,402,736. 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 stock has a market capitalization of $53.10 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. Royal Caribbean Cruises has a fifty-two week low of $83.25 and a fifty-two week high of $214.12. The stock has a fifty day simple moving average of $180.26 and a 200 day simple moving average of $161.00.

Insider Activity at Royal Caribbean Cruises

In related news, CFO Naftali Holtz bought 5,350 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Naftali Holtz bought 5,350 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now owns 25,837 shares in the company, valued at $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.95% of the company's stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors increased its holdings in Royal Caribbean Cruises by 1.0% during the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company's stock worth $4,114,203,000 after purchasing an additional 286,868 shares during the last quarter. Vanguard Group Inc. increased its holdings in Royal Caribbean Cruises by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company's stock worth $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock valued at $326,616,000 after acquiring an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. increased its holdings in shares of Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock valued at $241,075,000 after acquiring an additional 777,103 shares during the last quarter. Finally, Capital International Inc. CA increased its holdings in shares of Royal Caribbean Cruises by 3.3% in the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company's stock valued at $83,672,000 after acquiring an additional 19,065 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.