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

232.48

Mkt cap

62B

Volume

1.4M

High

234.25

P/E Ratio

23.31

52-wk high

238.10

Low

230.48

Div yield

0.00

52-wk low

102.77

Royal Caribbean Group has increased its 2024 Adjusted EPS forecast from $9.50-$9.70 to $9.90-$10.10, surpassing the estimated $9.77, due to a strong WAVE season. The company attributes $0.15 of the full-year increase in adjusted EPS to an improved revenue outlook for Q1 2024 and expects to achieve all Trifecta goals in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:26 pm

Royal Caribbean Group has reported that demand and bookings for its cruises have surpassed expectations since its last earnings call, indicating a positive outlook for the company's performance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:23 pm

Insiders at Amazon, Royal Caribbean Cruises, NETGEAR, and Electronic Arts have recently sold shares. These sales could indicate various strategic or personal reasons. Amazon announced layoffs at its One Medical and Pharmacy units, NETGEAR issued lower than expected revenue guidance, EA is months away from releasing a college football video game, and Royal Caribbean signed an agreement for a new ship.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 12:35 pm

Royal Caribbean Gr's (NYSE:RCL) short interest has decreased by 3.46% since the last report, with 16.19 million shares sold short, representing 9.21% of its float. This decline in short interest could indicate a more bullish sentiment towards RCL among investors. The current short interest is higher than the peer group average of 5.32%, suggesting RCL is more heavily shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:00 pm

Royal Caribbean Gr (NYSE:RCL) received mixed analyst ratings with a trend towards bullishness. Over the past three months, 9 analysts provided ratings, with a shift from bullish to indifferent in the last 30 days. The average 12-month price target is $141.11, marking a 10.12% increase from the previous target. Analysts from firms like Morgan Stanley, Stifel, and Barclays have adjusted their price targets, reflecting optimism about the company's performance. Royal Caribbean, a leading cruise company, shows strong financial indicators such as a 39.0% revenue growth rate and a 24.25% net margin, despite challenges in ROE and ROA.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 9:00 pm

Morgan Stanley analyst Jamie Rollo has maintained an Equal-Weight rating on Royal Caribbean Group (RCL) and increased the price target from $100 to $115.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:39 pm

Taylor Swift has filed for trademarks for 'Taylor-Con,' hinting at a potential festival for fans. The trademarks cover fan meet-ups, educational programs, and social entertainment events. This follows Swift's record-breaking 'The Eras Tour' and concert film, which saw high demand for tickets and grossed millions worldwide. Live Nation Entertainment's Ticketmaster struggled with ticket demand for Swift's tour. Additionally, fan-themed cruises organized around Swift's popularity are set for 2024, showing strong fan demand for Swift-related events.

Portfolio Pulse from Chris Katje

February 05, 2024 | 4:02 pm

Stifel analyst Steven Wieczynski maintains a Buy rating on Royal Caribbean Group (RCL) and raises the price target from $165 to $170.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:48 pm

The U.S. stock market, led by the S&P 500, recorded its fourth consecutive week of gains, driven by strong tech earnings and a robust January jobs report. Meta Platforms and Amazon.com saw significant stock increases following their earnings reports. The total market value of major tech companies surpassed the economies of Germany, Japan, and India. Bonds declined as expectations for interest rate cuts in 2024 were adjusted. Major ETFs like SPY, DIA, and QQQ also saw increases.

Portfolio Pulse from Piero Cingari

February 02, 2024 | 7:16 pm

Royal Caribbean CEO Jason Liberty was featured on CNBC, discussing the company's current performance and future outlook.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 4:37 pm

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