Royal Caribbean Cruises (RCL) Set to Announce Quarterly Earnings on Thursday

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

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share for the quarter, topping 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 business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period in the prior year, the company posted ($1.12) EPS. The firm’s revenue for the quarter 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 2.2 %

RCL stock opened at $132.04 on Tuesday. Royal Caribbean Cruises has a 1-year low of $59.37 and a 1-year high of $141.70. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market capitalization of $33.89 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.47 and a beta of 2.52. The business has a 50 day simple moving average of $128.51 and a two-hundred day simple moving average of $116.50.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

RCL has been the topic of several recent research reports. Mizuho initiated coverage on Royal Caribbean Cruises in a report on Wednesday, April 17th. They set a “buy” rating and a $164.00 price objective on the stock. Macquarie upped their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Barclays upped their price objective on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.