Q1 2024 EPS Estimates for Royal Caribbean Cruises Ltd. (NYSE:RCL) Lifted by Zacks Research

Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) – Analysts at Zacks Research upped their Q1 2024 EPS estimates for shares of Royal Caribbean Cruises in a research note issued to investors on Wednesday, January 31st. Zacks Research analyst M. Kaushik now anticipates that the company will post earnings per share of $0.67 for the quarter, up from their prior forecast of $0.66. The consensus estimate for Royal Caribbean Cruises’ current full-year earnings is $6.62 per share. Zacks Research also issued estimates for Royal Caribbean Cruises’ Q3 2024 earnings at $3.72 EPS, FY2024 earnings at $8.68 EPS, Q1 2025 earnings at $2.00 EPS and Q3 2025 earnings at $3.66 EPS.

A number of other research analysts have also recently issued reports on the stock. Citigroup reissued a “buy” rating and set a $127.00 price target on shares of Royal Caribbean Cruises in a research report on Tuesday, November 21st. Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Barclays lifted their target price on shares of Royal Caribbean Cruises from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Argus lifted their target price on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, StockNews.com started coverage on shares of Royal Caribbean Cruises in a report on Thursday, October 5th. They issued a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.93.

Read Our Latest Research Report on RCL

Royal Caribbean Cruises Trading Up 0.9 %

Shares of NYSE RCL opened at $127.50 on Thursday. Royal Caribbean Cruises has a 1 year low of $59.37 and a 1 year high of $130.97. The stock has a market cap of $32.67 billion, a P/E ratio of 39.84 and a beta of 2.56. The firm has a 50-day moving average of $121.16 and a 200 day moving average of $104.93. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.19 and a quick ratio of 0.17.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 7,800 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $105.00, for a total value of $819,000.00. Following the completion of the sale, the chief executive officer now directly owns 94,391 shares of the company’s stock, valued at $9,911,055. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Harri U. Kulovaara sold 24,707 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $106.90, for a total transaction of $2,641,178.30. Following the completion of the transaction, the executive vice president now owns 33,650 shares in the company, valued at $3,597,185. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 7,800 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $105.00, for a total transaction of $819,000.00. Following the transaction, the chief executive officer now owns 94,391 shares of the company’s stock, valued at approximately $9,911,055. The disclosure for this sale can be found here. Insiders sold a total of 632,507 shares of company stock valued at $76,012,718 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors have recently bought and sold shares of RCL. BKM Wealth Management LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth about $30,000. ST Germain D J Co. Inc. lifted its holdings in shares of Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Hollencrest Capital Management lifted its holdings in shares of Royal Caribbean Cruises by 494.2% in the 2nd quarter. Hollencrest Capital Management now owns 309 shares of the company’s stock worth $32,000 after acquiring an additional 257 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Royal Caribbean Cruises by 496.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the company’s stock worth $33,000 after acquiring an additional 263 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

About Royal Caribbean Cruises

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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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

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Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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