Equities analysts expect Royal Caribbean Group (NYSE:RCL) to post $169.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Royal Caribbean Group’s earnings. The highest sales estimate is $338.80 million and the lowest is $1.00 million. Royal Caribbean Group reported sales of $2.03 billion during the same quarter last year, which would suggest a negative year over year growth rate of 91.6%. The business is expected to report its next quarterly earnings results on Monday, February 22nd.
According to Zacks, analysts expect that Royal Caribbean Group will report full year sales of $3.48 billion for the current fiscal year, with estimates ranging from $1.78 billion to $5.17 billion. For the next fiscal year, analysts anticipate that the company will post sales of $10.22 billion, with estimates ranging from $9.15 billion to $11.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Royal Caribbean Group.
Royal Caribbean Group (NYSE:RCL) last issued its quarterly earnings data on Sunday, February 21st. The company reported ($5.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.20) by $0.18. The firm had revenue of $34.10 million for the quarter, compared to analyst estimates of $42.86 million. Royal Caribbean Group had a negative net margin of 24.36% and a negative return on equity of 25.20%. Royal Caribbean Group’s revenue was down 98.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS.
RCL has been the subject of several research reports. Morgan Stanley lifted their target price on Royal Caribbean Group from $35.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, January 8th. Berenberg Bank downgraded Royal Caribbean Group from a “hold” rating to a “sell” rating and set a $55.00 target price for the company. in a research report on Friday, February 12th. Zacks Investment Research raised Royal Caribbean Group from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Thursday, January 28th. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Group from $91.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Royal Caribbean Group from $62.00 to $79.00 and gave the company a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Royal Caribbean Group has an average rating of “Hold” and a consensus target price of $62.93.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fort Pitt Capital Group LLC acquired a new position in Royal Caribbean Group in the fourth quarter valued at approximately $37,000. Retirement Group LLC purchased a new stake in Royal Caribbean Group in the fourth quarter valued at approximately $48,000. Albion Financial Group UT purchased a new stake in Royal Caribbean Group in the fourth quarter valued at approximately $82,000. Capital Advisory Group Advisory Services LLC lifted its stake in Royal Caribbean Group by 147.1% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 865 shares of the company’s stock valued at $65,000 after buying an additional 515 shares during the last quarter. Finally, US Financial Advisors LLC purchased a new stake in Royal Caribbean Group in the fourth quarter valued at approximately $469,000. 59.07% of the stock is owned by hedge funds and other institutional investors.
NYSE RCL traded up $3.79 during trading on Thursday, hitting $90.02. The stock had a trading volume of 458,283 shares, compared to its average volume of 4,387,010. The company has a market capitalization of $20.19 billion, a PE ratio of -4.56 and a beta of 2.86. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 2.12. The firm has a 50 day moving average price of $71.24 and a 200 day moving average price of $68.78. Royal Caribbean Group has a twelve month low of $19.25 and a twelve month high of $101.00.
Royal Caribbean Group Company Profile
Royal Caribbean Group operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 19 nights.
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