Royal Caribbean Cruises (NYSE:RCL – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.650-2.750 for the period, compared to the consensus estimate of 2.370. The company issued revenue guidance of -. Royal Caribbean Cruises also updated its FY 2024 guidance to 10.700-10.900 EPS.
Royal Caribbean Cruises Stock Performance
RCL stock traded up $3.11 during midday trading on Friday, hitting $140.58. The company’s stock had a trading volume of 2,759,776 shares, compared to its average volume of 2,785,707. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The stock has a market cap of $36.08 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises has a 1 year low of $59.38 and a 1 year high of $141.70. The stock’s 50-day moving average price is $130.20 and its 200 day moving average price is $117.47.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) earnings per share. On average, equities analysts forecast that Royal Caribbean Cruises will post 10.06 EPS for the current year.
Analyst Ratings Changes
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Insider Activity
In related news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises 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 transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The shares were 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 in the company, valued at $19,319,957.37. The disclosure for this sale can be found here. Insiders own 8.70% 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.
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