Royal Caribbean Cruises Ltd. Expected to Earn FY2023 Earnings of $6.56 Per Share (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) – Investment analysts at William Blair raised their FY2023 earnings per share estimates for shares of Royal Caribbean Cruises in a report issued on Wednesday, January 24th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $6.56 for the year, up from their previous estimate of $6.55. The consensus estimate for Royal Caribbean Cruises’ current full-year earnings is $6.62 per share.

A number of other equities research analysts have also recently commented on RCL. Citigroup reiterated a “buy” rating and set a $127.00 target price on shares of Royal Caribbean Cruises in a research note on Tuesday, November 21st. Wells Fargo & Company lowered their target price on Royal Caribbean Cruises from $127.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, October 9th. Truist Financial reiterated a “buy” rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a research note on Monday, December 4th. Susquehanna lowered their target price on Royal Caribbean Cruises from $127.00 to $120.00 and set a “positive” rating on the stock in a research note on Tuesday, October 31st. Finally, Morgan Stanley lifted their target price on Royal Caribbean Cruises from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, October 30th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.79.

Get Our Latest Stock Analysis on Royal Caribbean Cruises

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $127.39 on Monday. The stock has a market cap of $32.64 billion, a PE ratio of 39.10 and a beta of 2.56. Royal Caribbean Cruises has a 1-year low of $59.37 and a 1-year high of $130.97. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.90. The stock’s fifty day simple moving average is $119.85 and its two-hundred day simple moving average is $104.37.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 284,766 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $121.73, for a total transaction of $34,664,565.18. Following the completion of the transaction, the director now owns 19,167,507 shares of the company’s stock, valued at $2,333,260,627.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Harri U. Kulovaara sold 24,707 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $106.90, for a total value of $2,641,178.30. Following the completion of the sale, the executive vice president now owns 33,650 shares in the company, valued at approximately $3,597,185. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 284,766 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $121.73, for a total value of $34,664,565.18. Following the completion of the sale, the director now owns 19,167,507 shares of the company’s stock, valued at approximately $2,333,260,627.11. The disclosure for this sale can be found here. Insiders sold 632,507 shares of company stock valued at $76,012,718 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lecap Asset Management Ltd. purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $558,000. Louisiana State Employees Retirement System purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $1,852,000. Simplicity Solutions LLC increased its stake in shares of Royal Caribbean Cruises by 0.9% during the fourth quarter. Simplicity Solutions LLC now owns 22,961 shares of the company’s stock valued at $2,973,000 after buying an additional 197 shares during the period. NewEdge Wealth LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $1,286,000. Finally, Ellis Investment Partners LLC increased its stake in shares of Royal Caribbean Cruises by 10.8% during the fourth quarter. Ellis Investment Partners LLC now owns 5,901 shares of the company’s stock valued at $764,000 after buying an additional 577 shares during the period. Institutional investors own 75.64% of the company’s stock.

Royal Caribbean Cruises Company Profile

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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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

See Also

Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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