Royal Caribbean Cruises Stock News

Royal Caribbean Cruises Ltd (NYSE:RCL) shares slumped more than 5% as projected higher cruise costs tainted its better-than-expected performance during the second quarter. The cruise operator now expects its full-year cruise costs to rise about 6%, above its earlier forecast of a 5.5% increase.

Royal Caribbean Cruises Ltd. has raised its full-year earnings guidance following an exceptionally strong second quarter, driven by high demand for its cruises.

Royal Caribbean Group RCL, -3.64% reported second-quarter profit that beat expectations and raised its full-year outlook amid continued strong demand for cruises, but the stock slumped 2.2% in premarket trading as passenger cruise days missed and the outlook for capacity changes was trimmed. Net income jumped to $854 million, or $3.11 a share, from $459 million, or $1.70 a share, in the same pe...

Strong demand and favorable timing of expenses drive second quarter above expectations Trifecta goals achieved 18 months early Adjusted EPS in 2024 is now expected to be $11.35 - $11.45   Declared a quarterly dividend of $0.40 per share MIAMI , July 25, 2024 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported second quarter Earnings per Share ("EPS") of $3.11 and Adjusted EPS of $3...

Royal Caribbean stock has more than tripled since the start of last year, but it's somehow trading for just 13 times next year's projected earnings. The stock hit another all-time high on Tuesday, but it has posted double-digit percentage beats on the bottom line every quarter over the past year.

Cruise stocks are relevant for investors in much the same way that they're perfect for many travelers: bang for the buck. By boarding a cruise ship, you're not only going to a new destination; instead, the journey to that point is part of the fun.

Royal Caribbean recently posted a record-breaking quarter in terms of bookings. The company has made progress reducing its debt load.

Royal Caribbean customers have already paid $6 billion to book cruises up to two years out. The company's revenue and profits are hitting new highs, but a heavy debt load and generous valuation could limit some gains for the stock.