Streetbeat News

RCL

Royal Caribbean Cruises Ltd.

https://www.rclinvestor.com

Industry

Travel Services

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

Open

221.79

Mkt cap

61B

Volume

1.8M

High

228.08

P/E Ratio

22.55

52-wk high

228.08

Low

221.07

Div yield

0.00

52-wk low

92.55

JP Morgan analyst Matthew Boss has maintained an Overweight rating on Royal Caribbean Group (NYSE:RCL) and raised the price target from $213 to $243.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:01 pm

Royal Caribbean Group (NYSE:RCL) has seen a 3.69% increase in its short percent of float, now at 6.46%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 6.94%.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 4:00 pm

Royal Caribbean shares initially fell due to mixed Q3 earnings results but have since rebounded and are trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:07 pm

Royal Caribbean's executive stated that the US presidential elections have not impacted their bookings, as discussed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 2:41 pm

Royal Caribbean Cruises Ltd (NYSE:RCL) reported a 17.5% YoY revenue growth in Q3, missing the consensus slightly. Despite this, the company showed strong financial performance with a 29.2% increase in operating income and a higher-than-expected adjusted EPS. The company is optimistic about future growth, projecting a $14 EPS in 2025, driven by strong demand and new offerings.

Portfolio Pulse from Akanksha Bakshi

October 29, 2024 | 2:35 pm

Royal Caribbean's shares are trading lower after the company reported Q3 financial results. The company beat earnings expectations but slightly missed on revenue targets.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:36 am

Royal Caribbean reports that consumer spending onboard and pre-cruise purchases are significantly exceeding 2023 levels, driven by higher participation and prices. Demand for 2025 is strong, with bookings at higher rates, suggesting potential for further pricing and yield growth.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:35 am

Royal Caribbean has provided its financial outlook for FY24, projecting adjusted EPS between $11.57 and $11.62, slightly below the consensus estimate of $11.58. The company also expects net yields to increase by 10.8-11.3% in constant currency.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:33 am

Royal Caribbean Group reported Q3 2024 earnings per share of $5.20, surpassing the analyst estimate of $5.03. However, sales were slightly below expectations at $4.89 billion, missing the $4.90 billion estimate. Sales increased by 17.45% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:30 am

Cruise line stocks, including Royal Caribbean, Norwegian, and Carnival, have been top performers in October, driven by strong booking trends and earnings expectations. Royal Caribbean and Norwegian are set to report earnings soon, with analysts forecasting significant growth. Bank of America has raised price targets for both but maintains a neutral rating due to stretched valuations. Hurricane Milton may slightly impact revenues, but the overall outlook remains positive.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 8:17 pm

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