Royal Caribbean Cruises Ltd. (NYSE:RCL) Declares Quarterly Dividend of $1.00

Royal Caribbean Cruises Ltd. (NYSE:RCL) declared a quarterly dividend on Wednesday, December 10th. Shareholders of record on Friday, December 26th will be given a dividend of 1.00 per share on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, December 26th.

Royal Caribbean Cruises has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Royal Caribbean Cruises has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Caribbean Cruises to earn $17.56 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 22.8%.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded up $12.01 during trading hours on Wednesday, reaching $260.33. 2,950,455 shares of the company’s stock were exchanged, compared to its average volume of 2,391,949. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. The company’s 50 day moving average is $281.52 and its two-hundred day moving average is $304.13. The company has a market cap of $71.00 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.76 and a beta of 1.91. Royal Caribbean Cruises has a 1 year low of $164.01 and a 1 year high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. Equities research analysts anticipate that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company dropped their target price on shares of Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating for the company in a report on Monday, December 1st. Royal Bank Of Canada set a $360.00 price target on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Susquehanna set a $350.00 price target on Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $327.45.

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.