Royal Caribbean Cruises (RCL) to Release Earnings on Thursday

Royal Caribbean Cruises (NYSE:RCL) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Royal Caribbean Cruises to post earnings of $1.30 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the business posted ($1.12) earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts expect Royal Caribbean Cruises to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Royal Caribbean Cruises Trading Up 1.1 %

Shares of Royal Caribbean Cruises stock opened at $127.97 on Thursday. The firm has a market cap of $32.85 billion, a PE ratio of 20.57, a PEG ratio of 0.46 and a beta of 2.52. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises has a 1 year low of $59.37 and a 1 year high of $141.70. The company has a 50 day simple moving average of $127.83 and a two-hundred day simple moving average of $115.46.

Insider Buying and Selling

In related news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Dell Group LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth $53,000. Public Employees Retirement System of Ohio boosted its position in Royal Caribbean Cruises by 16.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 110,651 shares of the company’s stock valued at $14,328,000 after buying an additional 15,273 shares during the last quarter. Townsquare Capital LLC boosted its position in Royal Caribbean Cruises by 6.7% in the 4th quarter. Townsquare Capital LLC now owns 2,575 shares of the company’s stock valued at $333,000 after buying an additional 162 shares during the last quarter. Dagco Inc. bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $25,000. Finally, Legal & General Group Plc lifted its position in shares of Royal Caribbean Cruises by 22.9% during the fourth quarter. Legal & General Group Plc now owns 1,448,977 shares of the company’s stock worth $187,628,000 after purchasing an additional 270,012 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of a number of research analyst reports. Argus boosted their price objective on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Mizuho began coverage on shares of Royal Caribbean Cruises in a research note on Wednesday. They set a “buy” rating and a $164.00 target price on the stock. UBS Group upped their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Barclays increased their target price on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.94.

Royal Caribbean Cruises Company Profile

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.