Royal Caribbean Cruises (RCL) to Release Earnings on Tuesday

Royal Caribbean Cruises (NYSE:RCL) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Royal Caribbean Cruises to post earnings of $1.50 per share and revenue of $3,769,941.23 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the prior year, the firm earned $3.85 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, analysts expect Royal Caribbean Cruises to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Royal Caribbean Cruises Trading Up 3.6 %

NYSE RCL opened at $241.79 on Tuesday. Royal Caribbean Cruises has a 12 month low of $113.10 and a 12 month high of $258.70. The stock has a market cap of $65.01 billion, a P/E ratio of 24.85, a P/E/G ratio of 0.48 and a beta of 2.59. The stock’s fifty day moving average price is $237.34 and its 200-day moving average price is $196.23. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

Insiders Place Their Bets

In related news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 404,332 shares of company stock worth $94,299,521. Company insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

RCL has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley increased their target price on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, January 8th. Citigroup increased their target price on Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday. Finally, Truist Financial increased their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $246.50.

About Royal Caribbean Cruises

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 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.