Royal Caribbean Cruises (NYSE:RCL) Issues Quarterly Earnings Results

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44, Briefing.com reports. 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 12.22% and a return on equity of 45.55%. The business's quarterly revenue was up 29.2% on a year-over-year basis. During the same period last year, the business posted ($0.23) EPS.

Royal Caribbean Cruises Stock Up 2.3 %

RCL traded up $3.11 during trading on Friday, reaching $140.58. The company had a trading volume of 2,759,776 shares, compared to its average volume of 2,785,707. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises has a 12 month low of $59.38 and a 12 month high of $141.70. The business's fifty day moving average price is $129.71 and its 200 day moving average price is $117.11. The company has a market cap of $36.08 billion, a P/E ratio of 22.60, a PEG ratio of 0.50 and a beta of 2.52.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company's stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jason T. Liberty sold 50,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 153,017 shares of the company's stock, valued at $21,365,763.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the business's stock in a transaction on 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 sale, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RCL. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Mizuho raised their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Friday. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Friday. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, March 15th. Finally, Barclays boosted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.76.

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.