Royal Caribbean Cruises Ltd. (RCL) to Release Quarterly Earnings on Tuesday
Royal Caribbean Cruises Ltd. (NYSE:RCL) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $3.41 per share for the quarter.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the firm posted $1.09 earnings per share. Royal Caribbean Cruises’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect Royal Caribbean Cruises to post $7.4 EPS for the current fiscal year and $8.45 EPS for the next fiscal year.
Royal Caribbean Cruises Ltd. (RCL) traded up 1.42% during midday trading on Tuesday, hitting $123.72. The company had a trading volume of 842,585 shares. The stock has a market capitalization of $26.61 billion, a PE ratio of 17.36 and a beta of 0.99. Royal Caribbean Cruises Ltd. has a 52 week low of $71.50 and a 52 week high of $128.09. The stock has a 50 day moving average price of $121.33 and a 200-day moving average price of $114.29.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 22nd were given a dividend of $0.60 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is currently 33.71%.
A number of research analysts have recently weighed in on RCL shares. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Deutsche Bank AG increased their price objective on Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) lowered Royal Caribbean Cruises to a “sell” rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $123.04.
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In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bernt Reitan sold 4,793 shares of the 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 transaction, the director now directly owns 7,862 shares of the company’s stock, valued at approximately $921,583.64. The disclosure for this sale can be found here. Insiders have sold 480,079 shares of company stock worth $56,461,455 in the last quarter. 15.30% of the stock is currently owned by company insiders.
Royal Caribbean Cruises Company Profile
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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