Royal Caribbean: Booming Sector

Jun. 25, 2024 6:09 PM ETRoyal Caribbean Cruises Ltd. (RCL) StockCCL, CUK, CUKPF2 Comments3 Likes
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Summary

  • Carnival Corporation & plc reported surprising profits, even in off-peak months, with record customer deposits and increased cash flow.
  • The numbers should provide confidence in Royal Caribbean Cruises Ltd. topping 2024 EPS targets of $11.
  • Royal Caribbean Cruises stock is cheap at only 11x '26 EPS targets.

KenWiedemann/iStock Unreleased via Getty Images

Before the open, Carnival Corporation & plc (CCL) reported another strong quarter. Even the worst cruise line is now solidly profitable, leaving Royal Caribbean Cruises Ltd. (NYSE:

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About RCL Stock

SymbolLast Price% Chg
RCL
161.400.42%
Post159.50-1.18%
Created with Highcharts 11.2.0Jun 21Jun 24Jun 25Jun 26140150160170
Market Cap
$41.36B
PE (FWD)
14.61
Yield
-
Rev Growth (YoY)
38.20%
Short Interest
6.56%
Prev. Close
$160.73
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