Royal Caribbean Cruises (RCL) to Release Earnings on Thursday

Royal Caribbean Cruises (NYSE:RCL) is scheduled to be releasing 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly 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 return on equity of 45.55% and a net margin of 12.22%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the company posted ($1.12) earnings per share. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. 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 3.5 %

Shares of RCL opened at $136.67 on Wednesday. Royal Caribbean Cruises has a 12-month low of $59.37 and a 12-month high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The firm has a market capitalization of $35.08 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 0.47 and a beta of 2.52. The stock’s 50-day moving average price is $128.91 and its 200 day moving average price is $116.82.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Macquarie boosted their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Barclays upped their price objective on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Susquehanna upped their price objective on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Finally, UBS Group upped their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.