Royal Caribbean Cruises (NYSE:RCL) Posts Earnings Results, Beats Estimates By $0.13 EPS

Royal Caribbean Cruises (NYSE:RCL) issued its earnings results on Tuesday. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.13, Zacks reports. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same quarter last year, the company posted $1.25 EPS. Royal Caribbean Cruises updated its Q1 2025 guidance to 2.430-2.530 EPS and its FY 2025 guidance to 14.350-14.650 EPS.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $268.77 on Thursday. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $271.31. The company’s 50-day moving average is $238.47 and its two-hundred day moving average is $200.21. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The company has a market cap of $72.27 billion, a PE ratio of 27.62, a PEG ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were given a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. Royal Caribbean Cruises’s payout ratio is 22.61%.

Analyst Ratings Changes

A number of research firms have weighed in on RCL. Susquehanna lifted their price objective on Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a report on Wednesday. Macquarie boosted their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Argus upped their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.06.

Insider Buying and Selling

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 372,609 shares of company stock valued at $87,647,208 over the last ninety days. Insiders own 7.95% 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.