Royal Caribbean Cruises Ltd RCL Stock Price, Quote & News

Table Of Content

• Royal Caribbean Cruises (RCL) Earnings Date, Estimates & Call Transcripts
• ROYAL CARIBBEAN GROUP INCREASES 2024 GUIDANCE ON ACCELERATING DEMAND
• 'NOTHING COMES CLOSE' TO THE ELEVATED EXPERIENCE OF CELEBRITY CRUISES
• Zacks Research is Reported On:
• About MarketBeat
• Royal Caribbean Cruises Ltd. Past Events
• Royal Caribbean Shares Sink Over 5% On Troubling Week

Insiders that own company stock include Arne Alexander Wilhelmsen, Harri U Kulovaara, Henry L Pujol, Jason T Liberty, Laura H Bethge, Lisa Lutoff-Perlo, Maritza Gomez Montiel, Michael W Bayley and Naftali Holtz. The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. 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.

Royal Caribbean Cruises (RCL) Earnings Date, Estimates & Call Transcripts

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

ROYAL CARIBBEAN GROUP INCREASES 2024 GUIDANCE ON ACCELERATING DEMAND

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'NOTHING COMES CLOSE' TO THE ELEVATED EXPERIENCE OF CELEBRITY CRUISES

Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered in Miami, Florida. The company has removed some costs from the system, which could drive upside to estimates, Chaiken further stated. In addition, many of these risks and uncertainties are currently heightened by and will continue to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Price Target and Rating

According to 17 analysts, the average rating for RCL stock is "Strong Buy." The 12-month stock price forecast is $137.44, which is an increase of 6.37% from the latest price. It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. Carnival and Norwegian both trade more than 50% lower than their 2019 levels. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Plus, RCL info will be updated daily in your free Zacks.com Portfolio Tracker. Royal Beach Club Cozumel is Next in the Cruise Line's Destinations Lineup, Opening in 2026 MIAMI , March 22, 2024 /PRNewswire/ -- Royal Caribbean International is putting a new beach club experience o...

Sign-up to receive the latest news and ratings for Royal Caribbean Cruises and its competitors with MarketBeat's FREE daily newsletter. Royal Caribbean Cruises's earnings are expected to grow from $10.01 per share to $11.74 per share in the next year, which is a 17.28% increase. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Royal Caribbean Cruises Ltd. Past Events

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Weakness in consumer spending spurred by an economic downturn could affect discretionary spending and cause pricing to soften intermittently. If consumer preference for experiences over things persists, yields could rise faster than we currently expect as demand rises. Analyst initiates coverage of Royal Caribbean Cruises with Buy rating and price target of $164.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.15% per year. These returns cover a period from January 1, 1988 through March 4, 2024.

Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Consumer interest in travel has maintained momentum for Royal Caribbean into 2024, continuing the robust demand and pricing trends in the business. The redeployment of the fleet was completed in mid-2022 and occupancy has returned to historical levels aiding a normalization of profits and cash flow. On the cost side, expenses should be better managed ahead as a result of optimized occupancy and ongoing productivity initiatives, aiding profitability.

Royal Caribbean Cruises Ltd. launched a private offering of $1.0 billion of senior-secured eight-year bonds on Thursday, tapping the high-yield bond market for the first time in 2024. This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. Shares of cruise companies have surged, but their rally says more about the operators themselves and structural changes in the business than about a surge in travel demand. Royal Caribbean Cruises' stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Vaughan Nelson Investment Management L.P. (0.19%), Los Angeles Capital Management LLC (0.11%), Allspring Global Investments Holdings LLC (0.10%), State of Michigan Retirement System (0.03%) and Czech National Bank (0.02%).

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Since last earnings call, demand and bookings have exceeded expectations  Adjusted EPS in 2024 is now expected to be $9.90 - $10.10  The company expects to achieve all Trifecta goals in 2024 MIAMI , F... Royal Caribbean Group has suspended cruise visits to Labadee, a secluded peninsula in Haiti, for the next seven days following months of escalating gang violence in the country, a senior company execu... We’d like to share more about how we work and what drives our day-to-day business.

This comes just a couple of years after a 15-month pandemic era shutdown led to questions about whether the industry could ever r... 545 employees have rated Royal Caribbean Cruises Chief Executive Officer Richard D. Fain on Glassdoor.com. Richard D. Fain has an approval rating of 95% among the company's employees. This puts Richard D. Fain in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. It's an impressive turnaround after the industry was largely halted for 15 months after the Centers for Disease Control and Prevention issued a no-sail order in March 2020 at the onset of the Covid pandemic in the U.S. Royal Caribbean Cruises plans to inaugurate Royal Beach Club in spring or summer 2025, which is "particularly geared for the short-duration cruise" and could be "a material yield driver," he added.

Royal Caribbean Cruises Ltd. (RCL) is Attracting Investor Attention: Here is What You Should Know - Yahoo Finance

Royal Caribbean Cruises Ltd. (RCL) is Attracting Investor Attention: Here is What You Should Know.

Posted: Tue, 16 Apr 2024 13:00:15 GMT [source]

Shares of Royal Caribbean sunk to a one-month low Tuesday morning, dropping more than 5% on the day following a string of troubling incidents, a setback for the world's biggest cruise line as it looks... The cruise industry has made a comeback, and Royal Caribbean is leading the charge. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.

Royal Caribbean stock gets bullish nod from Mizuho, eyes on new attractions and cost management By Investing.com - Investing.com

Royal Caribbean stock gets bullish nod from Mizuho, eyes on new attractions and cost management By Investing.com.

Posted: Wed, 17 Apr 2024 09:19:09 GMT [source]

The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies. Enter your email address below to receive the latest news and analysts' ratings for Royal Caribbean Cruises and its competitors with MarketBeat's FREE daily newsletter. Carnival, Norwegian and Royal Caribbean all reported entering the year with record highs for individual bookings and cruise pricing. Gain deeper insights into company revenues with a detailed analysis of revenue sources. Explore the updated Options feature, providing in-depth data, and a 3D viewing option.