Royal Caribbean Cruises Ltd. (RCL) Scheduled to Post Earnings on Thursday
Royal Caribbean Cruises Ltd. (NYSE:RCL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect Royal Caribbean Cruises to post earnings of $3.45 per share for the quarter. Royal Caribbean Cruises has set its Q3 guidance at approx $3.45 EPS.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $1.09 EPS. On average, analysts expect Royal Caribbean Cruises to post $7.44 EPS for the current fiscal year and $8.58 EPS for the next fiscal year.
Shares of Royal Caribbean Cruises Ltd. (NYSE RCL) opened at 124.88 on Thursday. The company’s 50 day moving average price is $120.99 and its 200 day moving average price is $112.72. Royal Caribbean Cruises Ltd. has a one year low of $67.53 and a one year high of $128.09. The stock has a market capitalization of $26.86 billion, a P/E ratio of 17.52 and a beta of 0.99.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, September 21st. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio is 33.71%.
RCL has been the subject of several recent analyst reports. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. BidaskClub upgraded Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Deutsche Bank AG upped their price target on Royal Caribbean Cruises from $102.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) cut Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $123.04.
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In other news, CEO Richard D. Fain sold 210,706 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at approximately $112,093,440.03. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bernt Reitan sold 4,793 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the sale, the director now owns 7,862 shares in the company, valued at $921,583.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 480,079 shares of company stock worth $56,461,455. Corporate insiders own 15.30% of the company’s stock.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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