Summary
147.59 5.67(4.00%)05/20/2024
Royal Caribbean Cruises Ltd. (RCL)
Royal Caribbean Cruises Ltd. (RCL)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -1.19 | 1.48 | 2.38 | 18.55 | 52.31 | 80.71 | 14.48 | 2,314.08 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 141.59 | |
| Open | 142.71 | |
| High | 143.93 | |
| Low | 141.55 | |
| Volume | 1,396,096 | |
| Change | -1.70 | |
| Change % | -1.19 | |
| Avg Volume (20 Days) | 2,534,430 | |
| Volume/Avg Volume (20 Days) Ratio | 0.55 | |
| 52 Week Range | 73.93 - 143.93 | |
| Price vs 52 Week High | -1.63% | |
| Price vs 52 Week Low | 91.52% | |
| Range | -0.78 | |
| Gap Up/Down | -0.58 | |
Fundamentals | ||
| Market Capitalization (Mln) | 38,010 | |
| EBIDTA | 4,854,000,128 | |
| PE Ratio | 17.9440 | |
| PEG Ratio | 0.5864 | |
| WallStreet Target Price | 158.59 | |
| Book Value | 20.0160 | |
| Earnings Per Share | 7.8600 | |
| EPS Estimate Current Quarter | 1.3300 | |
| EPS Estimate Next Quarter | 2.3700 | |
| EPS Estimate Current Year | 10.8900 | |
| EPS Estimate Next Year | 12.6700 | |
| Diluted EPS (TTM) | 7.8600 | |
| Revenues | ||
| Profit Marging | 0.1428 | |
| Operating Marging (TTM) | 0.2012 | |
| Return on asset (TTM) | 0.0619 | |
| Return on equity (TTM) | 0.5068 | |
| Revenue TTM | 14,741,999,616 | |
| Revenue per share TTM | 57.4740 | |
| Quarterly Revenue Growth (YOY) | 0.2920 | |
| Quarterly Earnings Growth (YOY) | 27.2540 | |
| Gross Profit (TTM) | 2,375,604,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 17.9440 | |
| Forward PE | 12.7551 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 6.9362 | |
| Revenue Enterprise Value | 3.9136 | |
| EBITDA Enterprise Value | 11.9271 | |
| Shares | ||
| Shares Outstanding | 257,348,992 | |
| Shares Float | 241,424,428 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.09 | |
| Insider (%) | 7.92 | |
| Institutions (%) | 81.73 | |
05/20 13:34 EST - https://www.investors.com
Viking Holdings, IBD Stock Of The Day, Breaks Out; Cruise Lines Sail On Norwegian Guidance
Viking Holdings is the IBD Stock Of The Day for Monday. Shares of the newly publicly traded parent of Viking Cruises are breaking out of a short IPO base. Viking and other cruise stocks sailed higher after Norwegian Cruise Line Holdings (NCLH) hiked its outlook. Los Angeles-based Viking Holdings (VIK) debuted on the New York Stock Exchange on May 1 at 24 per share. The IPO raised about $1.5 billion, making it the largest public offering since Arm Holdings (ARM) launched in September, according to data from IPO research firm Renaissance Capital. Viking was founded in 1997 and operates a fleet of nearly 100 smaller ships for luxury river, ocean and lake cruises across the globe. The company focuses primarily on Europe and the Mediterranean with niche, upscale experiences that feature art, science, history, culture and cuisine to target an older, wealthier audience. Viking's European river vessels have an average capacity of about 190 passengers and its ocean liners hold about 930 passengers. The company's typical passenger load pales in comparison to the 3,000 load of average cruise ships. Meanwhile, cruise demand is expected to grow from 31.5 million cruise travelers in 2023 to 35.7 million in 2024, according to Expedia Cruises. Viking shares on Monday surged 4.2% to 29.68, breaking out past an official 29.46 buy point for a new IPO base on the weekly chart, MarketSurge data shows. However, Viking releases its Q1 results early on May 29. That will be its first report as a public company. FactSet estimates are not yet available for the report. Investors can take a position in VIK stock, but won't have a lot of time to build a cushion before earnings. Viking stock ranks 17th in the Leisure-Services Group, according to IBD Stock Checkup. Royal Caribbean (RCL) leads the IBD industry group, which ranks 108th out of the 197 groups tracked by IBD. VIK stock's relative strength line has climbed in recent weeks. The stock has a 70 RS Rating out of a best-possible 99. Norwegian Cruise Line Holdings hiked its outlook Monday ahead of its investor day presentation. The Miami-based cruise line announced its new "Charting the Course" strategy, which includes investment initiatives in the company culture and employees, guest product offerings, Norwegian's growth platform, as well as optimizing performance. By the end of 2026, Norwegian expects to achieve adjusted earnings of $2.45 per share, representing a two-year compound annual growth rate of over 30% from 2024 to 2026. Norwegian plans to achieve an adjusted operational EBITDA margin of about 39% to approach historical levels. The company by the end of 2026 also intends to reduce its greenhouse gas emissions by 10% from 2019 baseline levels. "We have continued to see very strong demand and record bookings," CFO Mark Kempa said in the release. "We are now thrilled to launch this financial plan by setting long-term targets with increased 2024 guidance, putting ourselves on solid footing to enhance shareholder value in the coming years." Norwegian also raised its 2024 outlook based on its 2026 targets. The company now expects adjusted earnings to surge 103% to $1.42 per share, up from its prior forecast of $1.32 per share. Norwegian guided net yield growth to rise 7.2%, compared with the prior guidance of 6.4% growth. Norwegian now sees 2024 adjusted EBITDA increasing 23.6% to $2.3 billion. The cruise line guided adjusted EBITDA of $2.25 billion with its first-quarter results on May 1. Norwegian maintained its occupancy guidance of around 105.1% capacity. NCLH stock leapt 8.3% Monday to rebound back above its 21-day exponential moving average and 10-day lines. Shares are trading just shy of their 200-day line. Norwegian stock had fallen 14.8% in 2024. Royal Caribbean spiked 5% Monday on the Norwegian Cruise Line announcement. RCL stock is extended above a buy zone for a cup base following a late March breakout. Monday's move offered current investors an add-on entry as RCL cleared a few weeks of resistance. Royal Caribbean shares have rallied 15% year to date. Carnival (CCL) jumped 7% Monday to bounce strongly above its 50-day and 200-day lines. CCL stock is off 13.7% so far this year. You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison YOU MAY ALSO LIKE: Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists Looking For The Next Big Stock Market Winners? Start With These 3 Steps Join IBD Live And Learn Top Chart Reading And Trading Techniques From Pros Learn How To Time The Market With IBD's ETF Market Strategy
Viking Holdings, IBD Stock Of The Day, Breaks Out; Cruise Lines Sail On Norwegian Guidance
Viking Holdings is the IBD Stock Of The Day for Monday. Shares of the newly publicly traded parent of Viking Cruises are breaking out of a short IPO base. Viking and other cruise stocks sailed higher after Norwegian Cruise Line Holdings (NCLH) hiked its outlook. Los Angeles-based Viking Holdings (VIK) debuted on the New York Stock Exchange on May 1 at 24 per share. The IPO raised about $1.5 billion, making it the largest public offering since Arm Holdings (ARM) launched in September, according to data from IPO research firm Renaissance Capital. Viking was founded in 1997 and operates a fleet of nearly 100 smaller ships for luxury river, ocean and lake cruises across the globe. The company focuses primarily on Europe and the Mediterranean with niche, upscale experiences that feature art, science, history, culture and cuisine to target an older, wealthier audience. Viking's European river vessels have an average capacity of about 190 passengers and its ocean liners hold about 930 passengers. The company's typical passenger load pales in comparison to the 3,000 load of average cruise ships. Meanwhile, cruise demand is expected to grow from 31.5 million cruise travelers in 2023 to 35.7 million in 2024, according to Expedia Cruises. Viking shares on Monday surged 4.2% to 29.68, breaking out past an official 29.46 buy point for a new IPO base on the weekly chart, MarketSurge data shows. However, Viking releases its Q1 results early on May 29. That will be its first report as a public company. FactSet estimates are not yet available for the report. Investors can take a position in VIK stock, but won't have a lot of time to build a cushion before earnings. Viking stock ranks 17th in the Leisure-Services Group, according to IBD Stock Checkup. Royal Caribbean (RCL) leads the IBD industry group, which ranks 108th out of the 197 groups tracked by IBD. VIK stock's relative strength line has climbed in recent weeks. The stock has a 70 RS Rating out of a best-possible 99. Norwegian Cruise Line Holdings hiked its outlook Monday ahead of its investor day presentation. The Miami-based cruise line announced its new "Charting the Course" strategy, which includes investment initiatives in the company culture and employees, guest product offerings, Norwegian's growth platform, as well as optimizing performance. By the end of 2026, Norwegian expects to achieve adjusted earnings of $2.45 per share, representing a two-year compound annual growth rate of over 30% from 2024 to 2026. Norwegian plans to achieve an adjusted operational EBITDA margin of about 39% to approach historical levels. The company by the end of 2026 also intends to reduce its greenhouse gas emissions by 10% from 2019 baseline levels. "We have continued to see very strong demand and record bookings," CFO Mark Kempa said in the release. "We are now thrilled to launch this financial plan by setting long-term targets with increased 2024 guidance, putting ourselves on solid footing to enhance shareholder value in the coming years." Norwegian also raised its 2024 outlook based on its 2026 targets. The company now expects adjusted earnings to surge 103% to $1.42 per share, up from its prior forecast of $1.32 per share. Norwegian guided net yield growth to rise 7.2%, compared with the prior guidance of 6.4% growth. Norwegian now sees 2024 adjusted EBITDA increasing 23.6% to $2.3 billion. The cruise line guided adjusted EBITDA of $2.25 billion with its first-quarter results on May 1. Norwegian maintained its occupancy guidance of around 105.1% capacity. NCLH stock leapt 8.3% Monday to rebound back above its 21-day exponential moving average and 10-day lines. Shares are trading just shy of their 200-day line. Norwegian stock had fallen 14.8% in 2024. Royal Caribbean spiked 5% Monday on the Norwegian Cruise Line announcement. RCL stock is extended above a buy zone for a cup base following a late March breakout. Monday's move offered current investors an add-on entry as RCL cleared a few weeks of resistance. Royal Caribbean shares have rallied 15% year to date. Carnival (CCL) jumped 7% Monday to bounce strongly above its 50-day and 200-day lines. CCL stock is off 13.7% so far this year. You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison YOU MAY ALSO LIKE: Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists Looking For The Next Big Stock Market Winners? Start With These 3 Steps Join IBD Live And Learn Top Chart Reading And Trading Techniques From Pros Learn How To Time The Market With IBD's ETF Market Strategy
05/20 13:34 EST - http://feeds.benzinga.com
Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What's Driving Markets Monday?
Wall Street kicked off the new week on a high note, with all major U.S. indices posting gains and reaching fresh record highs by midday trading in New York, as the bull market momentum remains strong. The S&P 500 index surged to 5,325 points during the session, matching last Thursday’s all-time high. The tech-heavy Nasdaq 100 climbed past 18,670 points, setting new record highs. The Dow Jones remained steady at 40,000, its highest level ever. The rally in metal commodities continued, with gold, as tracked by the SPDR Gold Trust GLD, exceeding $2,430 per ounce, marking a new all-time record. Silver increased by 1.3% after a 6.4% gain on Friday, up more than 20% since the beginning of the month. Treasury yields saw little movement, with the 10-year benchmark hovering at 4.44%. Markets appeared to brush off some hawkish remarks from the Federal Reserve. Federal Reserve Vice President Michael Barr noted that first-quarter inflation was disappointing and did not provide the confidence needed to ease monetary policy, emphasizing the necessity of allowing tight policy more time to work. San Francisco Fed President Mary Daly expressed that she is not yet confident inflation is sustainably decreasing to 2%. In a softer tone, Vice Chair Philip Jefferson highlighted that the policy is in restrictive territory and that he is cautiously optimistic about continuing the fight against inflation while keeping the economy strong. Among industries, cruise stocks rallied substantially after Norwegian Cruise Holdings Ltd. NCLH raised its earnings guidance for the year, boosting shares by over 8%. Peers such as Carnival Corp. CCL and Royal Caribbean Cruises Ltd. RCL saw gains of 7.4% and 5.4%, respectively. Sentiment on meme stocks continued to wane, with GameStop Corp. GME falling over 11% on Monday, plummeting more than 70% since last week’s highs. The SPDR S&P 500 ETF Trust SPY was 0.3% higher at $530.81, the SPDR Dow Jones Industrial Average DIA was flat at $399.78 and the tech-heavy Invesco QQQ Trust QQQ was up 0.6% to $454.59, according to Benzinga Pro data. Sector-wise, the Technology Select Sector SPDR Fund XLK outperformed, up by 1.1%. The Consumer Discretionary Select Sector SPDR Fund XLY was the laggard, down 0.6%. Moderna Inc. MRNA rose 6.7%, hitting the highest level in more than a year and on track to notch its sixth straight session of gains as positive momentum post-Q1 earnings continued to hold. Jabil Inc. JBL surged over 6% following the announcement that Chief Financial Officer and interim Chief Executive Michael Dastoor has been appointed as the permanent chief executive. Hims & Hers Health Inc. HIMS rose over 35%, after announcing the addition of GLP-1 injections to its weight loss offerings. Wix.com Ltd WIX rallied 25%, in reactions to the company’s quarterly earnings. Other stocks reacting to their company’s earnings were UL Solutions Inc. ULS, up 2.4% and Global-E Online Ltd. GLBE up 5%. Companies scheduled to report their earnings after the market close include Palo Alto Networks Inc. PANW, Keysight Technologies Inc. KEYS, Zoom Video Communications Inc. ZM and Nordson Corp. NDSN Read now: ICC Prosecutor Requests Arrest Warrants For Israeli Leaders On War Crimes Charges Image generated using artificial intelligence via Midjourney. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Stocks, Gold Reach New Record Highs, Cruise Stocks Rally, GameStop Sinks: What's Driving Markets Monday?
Wall Street kicked off the new week on a high note, with all major U.S. indices posting gains and reaching fresh record highs by midday trading in New York, as the bull market momentum remains strong. The S&P 500 index surged to 5,325 points during the session, matching last Thursday’s all-time high. The tech-heavy Nasdaq 100 climbed past 18,670 points, setting new record highs. The Dow Jones remained steady at 40,000, its highest level ever. The rally in metal commodities continued, with gold, as tracked by the SPDR Gold Trust GLD, exceeding $2,430 per ounce, marking a new all-time record. Silver increased by 1.3% after a 6.4% gain on Friday, up more than 20% since the beginning of the month. Treasury yields saw little movement, with the 10-year benchmark hovering at 4.44%. Markets appeared to brush off some hawkish remarks from the Federal Reserve. Federal Reserve Vice President Michael Barr noted that first-quarter inflation was disappointing and did not provide the confidence needed to ease monetary policy, emphasizing the necessity of allowing tight policy more time to work. San Francisco Fed President Mary Daly expressed that she is not yet confident inflation is sustainably decreasing to 2%. In a softer tone, Vice Chair Philip Jefferson highlighted that the policy is in restrictive territory and that he is cautiously optimistic about continuing the fight against inflation while keeping the economy strong. Among industries, cruise stocks rallied substantially after Norwegian Cruise Holdings Ltd. NCLH raised its earnings guidance for the year, boosting shares by over 8%. Peers such as Carnival Corp. CCL and Royal Caribbean Cruises Ltd. RCL saw gains of 7.4% and 5.4%, respectively. Sentiment on meme stocks continued to wane, with GameStop Corp. GME falling over 11% on Monday, plummeting more than 70% since last week’s highs. The SPDR S&P 500 ETF Trust SPY was 0.3% higher at $530.81, the SPDR Dow Jones Industrial Average DIA was flat at $399.78 and the tech-heavy Invesco QQQ Trust QQQ was up 0.6% to $454.59, according to Benzinga Pro data. Sector-wise, the Technology Select Sector SPDR Fund XLK outperformed, up by 1.1%. The Consumer Discretionary Select Sector SPDR Fund XLY was the laggard, down 0.6%. Moderna Inc. MRNA rose 6.7%, hitting the highest level in more than a year and on track to notch its sixth straight session of gains as positive momentum post-Q1 earnings continued to hold. Jabil Inc. JBL surged over 6% following the announcement that Chief Financial Officer and interim Chief Executive Michael Dastoor has been appointed as the permanent chief executive. Hims & Hers Health Inc. HIMS rose over 35%, after announcing the addition of GLP-1 injections to its weight loss offerings. Wix.com Ltd WIX rallied 25%, in reactions to the company’s quarterly earnings. Other stocks reacting to their company’s earnings were UL Solutions Inc. ULS, up 2.4% and Global-E Online Ltd. GLBE up 5%. Companies scheduled to report their earnings after the market close include Palo Alto Networks Inc. PANW, Keysight Technologies Inc. KEYS, Zoom Video Communications Inc. ZM and Nordson Corp. NDSN Read now: ICC Prosecutor Requests Arrest Warrants For Israeli Leaders On War Crimes Charges Image generated using artificial intelligence via Midjourney. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
05/20 12:46 EST - zacks.com
RCL vs. ATAT: Which Stock Is the Better Value Option?
Investors interested in Leisure and Recreation Services stocks are likely familiar with Royal Caribbean (RCL) and Atour Lifestyle Holdings Limited Sponsored ADR (ATAT). But which of these two stocks presents investors with the better value opportunity right now?
RCL vs. ATAT: Which Stock Is the Better Value Option?
Investors interested in Leisure and Recreation Services stocks are likely familiar with Royal Caribbean (RCL) and Atour Lifestyle Holdings Limited Sponsored ADR (ATAT). But which of these two stocks presents investors with the better value opportunity right now?
05/20 11:32 EST - invezz.com
$NCLH, $CCL, $RCL: why are cruise stocks gaining today?
Cruise stocks are in the green at writing after Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) talked of “very strong demand” at its investor conference on Monday.
$NCLH, $CCL, $RCL: why are cruise stocks gaining today?
Cruise stocks are in the green at writing after Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) talked of “very strong demand” at its investor conference on Monday.
05/20 09:54 EST - https://www.benzinga.com
Carnival, Royal Caribbean Shares Are Moving Higher: What's Going On?
Cruise line stocks Norwegian Cruise Line announced a new strategy Monday in connection with its Investor Day. The company’s new “Charting The Course” strategy includes a refreshed vision, strategic initiatives and three-year financial and sustainability targets geared at enhancing shareholder returns. Norwegian shares were up nearly 7% at last check. Norwegian Cruise Line raised its full-year 2024 net yield growth expectations from 6..4% to 7.2%. Norwegian also raised its full-year 2024 adjusted EBITDA expectations from $2.25 billion to $2.3 billion and full-year adjusted earnings guidance from $1.32 to $1.42 per share versus estimates of $1.35 per share, according to Benzinga Pro. Norwegian Cruise Line also introduced new 2026 targets including adjusted earnings of approximately $2.45 per share, adjusted operational EBITDA margin of approximately 39%, a reduction of net leverage to the mid-four turn levels and record adjusted ROIC of 12%. “We have continued to see very strong demand and record bookings. We are now thrilled to launch this financial plan by setting long term targets with increased 2024 guidance, putting ourselves on solid footing to enhance shareholder value in the coming years,” said , CFO at Norwegian Cruise Line Holdings. On Friday, Wells Fargo analyst Daniel Politzer maintained Carnival with an Overweight rating and raised the price target from $22 to $23. Politzer also maintained Royal Caribbean with an Overweight and raised the price target from $159 to $165. At publication time, Carnival shares were up 4.33% at $15.65 and Royal Caribbean shares were up 2.59% at $145.68, according to Benzinga Pro.
Carnival, Royal Caribbean Shares Are Moving Higher: What's Going On?
Cruise line stocks Norwegian Cruise Line announced a new strategy Monday in connection with its Investor Day. The company’s new “Charting The Course” strategy includes a refreshed vision, strategic initiatives and three-year financial and sustainability targets geared at enhancing shareholder returns. Norwegian shares were up nearly 7% at last check. Norwegian Cruise Line raised its full-year 2024 net yield growth expectations from 6..4% to 7.2%. Norwegian also raised its full-year 2024 adjusted EBITDA expectations from $2.25 billion to $2.3 billion and full-year adjusted earnings guidance from $1.32 to $1.42 per share versus estimates of $1.35 per share, according to Benzinga Pro. Norwegian Cruise Line also introduced new 2026 targets including adjusted earnings of approximately $2.45 per share, adjusted operational EBITDA margin of approximately 39%, a reduction of net leverage to the mid-four turn levels and record adjusted ROIC of 12%. “We have continued to see very strong demand and record bookings. We are now thrilled to launch this financial plan by setting long term targets with increased 2024 guidance, putting ourselves on solid footing to enhance shareholder value in the coming years,” said , CFO at Norwegian Cruise Line Holdings. On Friday, Wells Fargo analyst Daniel Politzer maintained Carnival with an Overweight rating and raised the price target from $22 to $23. Politzer also maintained Royal Caribbean with an Overweight and raised the price target from $159 to $165. At publication time, Carnival shares were up 4.33% at $15.65 and Royal Caribbean shares were up 2.59% at $145.68, according to Benzinga Pro.
05/20 09:40 EST - zacks.com
4 High Earnings Yield Value Stocks to Maximize Returns
You can unlock your portfolio value by investing in high earnings yield stocks like HBI, RCL, ALL and APTV.
4 High Earnings Yield Value Stocks to Maximize Returns
You can unlock your portfolio value by investing in high earnings yield stocks like HBI, RCL, ALL and APTV.
05/20 00:00 EST - https://www.zacks.com
Here's Why You Should Retain Wynn Resorts (WYNN) Stock Now
Wynn Resorts, Limited (WYNN Quick QuoteWYNN - Free Report) will likely benefit from solid Macau performance, non-gaming businesses and development projects. Also, focus on strategic expansion plans bodes well. However, increased operating expenses are a concern.Let us discuss the factors that highlight why investors should retain the stock.Factors Likely to Drive GrowthWynn Resorts has been benefitting from solid Macau performance. Following the elimination of COVID-19 protective measures by Macau authorities in January 2023, visitation to Macau and the company's operations improved, leading to increased business volumes in first-quarter 2024. During the first quarter, Wynn Palace reported operating revenues of $586.9 million, up $217.5 million from $369.4 million in the same period in 2023. WYNN's operating revenues came in at $411.7 million, rising by $181.0 million from $230.7 million in the first quarter of 2023. Higher gaming volumes, increased hotel occupancy and restaurant covers backed the upside. The company stated that the positive momentum continued into the second quarter, with a 30% increase in mass drop per day in April (compared to April 2019) and a 99% hotel occupancy rate. The company reported a 30% rise in mass drop per day (compared with the same period in 2019) during May's Golden Week.Increased focus on non-gaming avenues bode well. In the first quarter, the company reported robust performance across non-gaming businesses with 16% year-on-year revenue growth, driven by a 21% increase in hotel revenues and strong casino volumes. The upside can be attributed to exceptional service levels, continuous property reinvestment and the unique Only at Wynn programming. The company registered positive momentum into April with increases in Drop, Handle and RevPAR (revenue per available room) on a year-on-year basis.In Macau's development realm, the company has started initial demolition and construction on its second concession project, the Destination Food Hall. It has also advanced in the design and planning stages for other major concession-related capital expenditure commitments, including a new event and entertainment center with a unique theater and show. These projects require various government approvals, leading to a wide range of potential CapEx outcomes in the near term. The company expects CapEx for these commitments to range between $350 million and $500 million from 2024 through 2025-end. The company believes that the proposed investments and projects will drive growth in the coming periods.The emphasis on the expansion of new markets bodes well. The company is considering greenfield development opportunities in New York City and potentially Thailand. In New York, a full-scale Wynn integrated resort at Hudson Yards is anticipated to generate significant tax revenue, tourism and employment. Despite delays in the RFA submission process, the company maintains interest in securing a location in Manhattan. In Thailand, the company is closely monitoring regulatory and licensing developments.ConcernsImage Source: Zacks Investment ResearchIn the past year, shares of Wynn Resorts have declined 10.8% compared with the industry’s 2.8% fall. A challenging macro environment mainly caused the downside.Increased operating expenses are a concern for the company. During the first quarter of 2024, the company’s total operating expenses came in at $1.5 billion compared with $1.25 billion reported in the prior-year period. The upside was primarily due to a rise in casino, room, food and beverage, retail and other and general and administrative expenses. Moving ahead, the company is cautious of inflation and interest rate fluctuations. Zacks Rank & Key PicksWynn Resorts currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Zacks Consumer Discretionary sector are:Strategic Education, Inc. (STRA Quick QuoteSTRA - Free Report) currently sports a Zacks Rank #1 (Strong Buy). STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has surged 50.3% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.Royal Caribbean Cruises Ltd. (RCL Quick QuoteRCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has rallied 76.7% in the past year.The Zacks Consensus Estimate for RCL’s 2024 sales and EPS calls for growth of 16.6% and 61.9%, respectively, from the year-ago levels.Hasbro, Inc. (HAS Quick QuoteHAS - Free Report) presently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 17.5%, on average. The stock has gained 17.8% in the year-to-date period.The Zacks Consensus Estimate for HAS’ 2025 sales and EPS suggests an improvement of 4% and 14.4 %, respectively, from the year-ago levels. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
Here's Why You Should Retain Wynn Resorts (WYNN) Stock Now
Wynn Resorts, Limited (WYNN Quick QuoteWYNN - Free Report) will likely benefit from solid Macau performance, non-gaming businesses and development projects. Also, focus on strategic expansion plans bodes well. However, increased operating expenses are a concern.Let us discuss the factors that highlight why investors should retain the stock.Factors Likely to Drive GrowthWynn Resorts has been benefitting from solid Macau performance. Following the elimination of COVID-19 protective measures by Macau authorities in January 2023, visitation to Macau and the company's operations improved, leading to increased business volumes in first-quarter 2024. During the first quarter, Wynn Palace reported operating revenues of $586.9 million, up $217.5 million from $369.4 million in the same period in 2023. WYNN's operating revenues came in at $411.7 million, rising by $181.0 million from $230.7 million in the first quarter of 2023. Higher gaming volumes, increased hotel occupancy and restaurant covers backed the upside. The company stated that the positive momentum continued into the second quarter, with a 30% increase in mass drop per day in April (compared to April 2019) and a 99% hotel occupancy rate. The company reported a 30% rise in mass drop per day (compared with the same period in 2019) during May's Golden Week.Increased focus on non-gaming avenues bode well. In the first quarter, the company reported robust performance across non-gaming businesses with 16% year-on-year revenue growth, driven by a 21% increase in hotel revenues and strong casino volumes. The upside can be attributed to exceptional service levels, continuous property reinvestment and the unique Only at Wynn programming. The company registered positive momentum into April with increases in Drop, Handle and RevPAR (revenue per available room) on a year-on-year basis.In Macau's development realm, the company has started initial demolition and construction on its second concession project, the Destination Food Hall. It has also advanced in the design and planning stages for other major concession-related capital expenditure commitments, including a new event and entertainment center with a unique theater and show. These projects require various government approvals, leading to a wide range of potential CapEx outcomes in the near term. The company expects CapEx for these commitments to range between $350 million and $500 million from 2024 through 2025-end. The company believes that the proposed investments and projects will drive growth in the coming periods.The emphasis on the expansion of new markets bodes well. The company is considering greenfield development opportunities in New York City and potentially Thailand. In New York, a full-scale Wynn integrated resort at Hudson Yards is anticipated to generate significant tax revenue, tourism and employment. Despite delays in the RFA submission process, the company maintains interest in securing a location in Manhattan. In Thailand, the company is closely monitoring regulatory and licensing developments.ConcernsImage Source: Zacks Investment ResearchIn the past year, shares of Wynn Resorts have declined 10.8% compared with the industry’s 2.8% fall. A challenging macro environment mainly caused the downside.Increased operating expenses are a concern for the company. During the first quarter of 2024, the company’s total operating expenses came in at $1.5 billion compared with $1.25 billion reported in the prior-year period. The upside was primarily due to a rise in casino, room, food and beverage, retail and other and general and administrative expenses. Moving ahead, the company is cautious of inflation and interest rate fluctuations. Zacks Rank & Key PicksWynn Resorts currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the Zacks Consumer Discretionary sector are:Strategic Education, Inc. (STRA Quick QuoteSTRA - Free Report) currently sports a Zacks Rank #1 (Strong Buy). STRA has a trailing four-quarter earnings surprise of 36.2%, on average. The stock has surged 50.3% in the past year. The Zacks Consensus Estimate for STRA’s 2024 sales and earnings per share (EPS) indicates an increase of 6.4% and 33.3%, respectively, from the year-ago levels.Royal Caribbean Cruises Ltd. (RCL Quick QuoteRCL - Free Report) currently sports a Zacks Rank of 1. RCL has a trailing four-quarter earnings surprise of 18.3%, on average. The stock has rallied 76.7% in the past year.The Zacks Consensus Estimate for RCL’s 2024 sales and EPS calls for growth of 16.6% and 61.9%, respectively, from the year-ago levels.Hasbro, Inc. (HAS Quick QuoteHAS - Free Report) presently sports a Zacks Rank of 1. The company has a trailing four-quarter earnings surprise of 17.5%, on average. The stock has gained 17.8% in the year-to-date period.The Zacks Consensus Estimate for HAS’ 2025 sales and EPS suggests an improvement of 4% and 14.4 %, respectively, from the year-ago levels. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
05/17 10:41 EST - zacks.com
Royal Caribbean (RCL) is a Top-Ranked Value Stock: Should You Buy?
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Royal Caribbean (RCL) is a Top-Ranked Value Stock: Should You Buy?
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
05/17 10:15 EST - zacks.com
Royal Caribbean Cruises Ltd. (RCL) Hit a 52 Week High, Can the Run Continue?
Royal Caribbean (RCL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Royal Caribbean Cruises Ltd. (RCL) Hit a 52 Week High, Can the Run Continue?
Royal Caribbean (RCL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
05/17 09:00 EST - prnewswire.com
CELEBRITY CRUISES FIRST-EVER EDGE SERIES ALASKA ITINERARIES SET SAIL
Celebrity Cruises elevates bucket list experiences on Celebrity Edge whilst energizing communities with impact projects in Alaska MIAMI , May 17, 2024 /PRNewswire/ -- For the first time ever, Celebrity Edge®, the ship that introduced the revolutionary outward-facing design, calls Alaska home for the summer. Today, Celebrity Edge will embark on her maiden sailing roundtrip from Seattle on a seven-night Dawes Glacier itinerary with stops in Juneau, Ketchikan, and Skagway.
CELEBRITY CRUISES FIRST-EVER EDGE SERIES ALASKA ITINERARIES SET SAIL
Celebrity Cruises elevates bucket list experiences on Celebrity Edge whilst energizing communities with impact projects in Alaska MIAMI , May 17, 2024 /PRNewswire/ -- For the first time ever, Celebrity Edge®, the ship that introduced the revolutionary outward-facing design, calls Alaska home for the summer. Today, Celebrity Edge will embark on her maiden sailing roundtrip from Seattle on a seven-night Dawes Glacier itinerary with stops in Juneau, Ketchikan, and Skagway.
05/17 06:15 EST - investorplace.com
Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for May 2024
Cruising is back in a big way. But you don't have to enjoy cruising to start looking for cruise stocks to buy.
Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for May 2024
Cruising is back in a big way. But you don't have to enjoy cruising to start looking for cruise stocks to buy.
05/16 10:36 EST - zacks.com
Brokers Suggest Investing in Royal Caribbean (RCL): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Brokers Suggest Investing in Royal Caribbean (RCL): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
05/16 10:06 EST - zacks.com
Here is What to Know Beyond Why Royal Caribbean Cruises Ltd. (RCL) is a Trending Stock
Zacks.com users have recently been watching Royal Caribbean (RCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Here is What to Know Beyond Why Royal Caribbean Cruises Ltd. (RCL) is a Trending Stock
Zacks.com users have recently been watching Royal Caribbean (RCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
05/15 10:15 EST - fool.com
3 Growth Stocks Wall Street Might Be Sleeping On, but I'm Not
Royal Caribbean's fundamentals are improving, but the stock is available for 13 times this year's earnings. Chewy needs to get subscriber growth and decelerating top-line gains back on track, but the long-term prognosis remains impressive.
3 Growth Stocks Wall Street Might Be Sleeping On, but I'm Not
Royal Caribbean's fundamentals are improving, but the stock is available for 13 times this year's earnings. Chewy needs to get subscriber growth and decelerating top-line gains back on track, but the long-term prognosis remains impressive.
05/15 04:00 EST - prnewswire.com
CELEBRITY CRUISES' REVOLUTIONARY SHIP CELEBRITY APEX® HOMEPORTS IN SOUTHAMPTON FOR FIRST-EVER SEASON FROM THE UK
Beginning today, guests can experience an elevated cruising experience directly from Southampton MIAMI , May 15, 2024 /PRNewswire/ -- Setting sail today for her debut season from Southampton, Celebrity Cruises®' award-winning ship, Celebrity Apex ®, is turning heads as she becomes the first ship in the revolutionary Edge® Series to call the United Kingdom home. Celebrity Apex will kick off her European season from Southampton with an eight-night Norwegian Fjords cruise.
CELEBRITY CRUISES' REVOLUTIONARY SHIP CELEBRITY APEX® HOMEPORTS IN SOUTHAMPTON FOR FIRST-EVER SEASON FROM THE UK
Beginning today, guests can experience an elevated cruising experience directly from Southampton MIAMI , May 15, 2024 /PRNewswire/ -- Setting sail today for her debut season from Southampton, Celebrity Cruises®' award-winning ship, Celebrity Apex ®, is turning heads as she becomes the first ship in the revolutionary Edge® Series to call the United Kingdom home. Celebrity Apex will kick off her European season from Southampton with an eight-night Norwegian Fjords cruise.
05/14 09:26 EST - zacks.com
Best Growth Stocks to Buy for May 14th
MPTI, MNSO and ODP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 14, 2024.
Best Growth Stocks to Buy for May 14th
MPTI, MNSO and ODP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 14, 2024.
05/13 06:30 EST - investorplace.com
Stock Market Crash Warning: Don't Get Caught Holding These 3 Cruise Stocks
The cruise industry has long been a popular choice for travelers seeking a unique and luxurious vacation experience. However, behind the glitz and glamor, the industry has been grappling with several inherent weaknesses.
Stock Market Crash Warning: Don't Get Caught Holding These 3 Cruise Stocks
The cruise industry has long been a popular choice for travelers seeking a unique and luxurious vacation experience. However, behind the glitz and glamor, the industry has been grappling with several inherent weaknesses.
05/12 05:50 EST - fool.com
Thanks to Better-Than-Expected Bookings, Royal Caribbean Expects Record Earnings in 2024. What Does It Mean for Investors?
Royal Caribbean is enjoying packed ships full of cruisers willing to spend money onboard, driving record profits. The company's substantial debt load is being handled, and management has been able to lower its interest rate for some of it.
Thanks to Better-Than-Expected Bookings, Royal Caribbean Expects Record Earnings in 2024. What Does It Mean for Investors?
Royal Caribbean is enjoying packed ships full of cruisers willing to spend money onboard, driving record profits. The company's substantial debt load is being handled, and management has been able to lower its interest rate for some of it.
05/10 10:36 EST - zacks.com
Best Growth Stocks to Buy for May 10th
STRA, RCL and AEM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 10, 2024.
Best Growth Stocks to Buy for May 10th
STRA, RCL and AEM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 10, 2024.
05/09 14:15 EST - investorplace.com
The 3 Best Cruise Stocks to Buy in May 2024
Cruises are among the most popular vacation picks for people of all ages. The uptick in cruising has shown an immaculate rebound following the massive setback of Covid-19.
The 3 Best Cruise Stocks to Buy in May 2024
Cruises are among the most popular vacation picks for people of all ages. The uptick in cruising has shown an immaculate rebound following the massive setback of Covid-19.