What is William Blair's Forecast for RCL Q4 Earnings?

Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) - Research analysts at William Blair reduced their Q4 2024 EPS estimates for Royal Caribbean Cruises in a report issued on Tuesday, October 29th. William Blair analyst S. Zackfia now anticipates that the company will earn $1.47 per share for the quarter, down from their prior estimate of $1.57. The consensus estimate for Royal Caribbean Cruises' current full-year earnings is $11.60 per share. William Blair also issued estimates for Royal Caribbean Cruises' FY2026 earnings at $17.69 EPS.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. Royal Caribbean Cruises's revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $3.85 EPS.

Other equities analysts have also issued research reports about the stock. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Macquarie lifted their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group raised their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Bank of America upped their target price on Royal Caribbean Cruises from $205.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Barclays boosted their price target on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.00.

Royal Caribbean Cruises Trading Down 2.1 %

NYSE RCL traded down $4.29 during trading hours on Friday, reaching $202.06. The company's stock had a trading volume of 1,689,324 shares, compared to its average volume of 2,399,382. The firm has a fifty day simple moving average of $180.26 and a 200-day simple moving average of $161.00. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises has a 52 week low of $86.75 and a 52 week high of $214.12. The stock has a market cap of $54.33 billion, a P/E ratio of 21.21, a P/E/G ratio of 0.61 and a beta of 2.61.

Insider Activity

In related news, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares of the company's stock, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares of the company's stock, valued at approximately $42,953,500.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,596 shares of company stock worth $8,090,059 over the last quarter. 7.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors have recently bought and sold shares of the stock. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $27,000. Versant Capital Management Inc grew its position in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company's stock worth $30,000 after purchasing an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock valued at $30,000 after buying an additional 121 shares during the last quarter. AlphaMark Advisors LLC lifted its position in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company's stock worth $32,000 after buying an additional 140 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock worth $37,000 after buying an additional 78 shares during the last quarter. Institutional investors 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.