Royal Caribbean Cruises (RCL) to Release Earnings on Tuesday

Royal Caribbean Cruises (NYSE:RCL) is expected to be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Royal Caribbean Cruises to post earnings of $1.50 per share and revenue of $3,769,941.23 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.85 earnings per share. On average, analysts expect Royal Caribbean Cruises to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $232.59 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The firm’s fifty day simple moving average is $237.76 and its two-hundred day simple moving average is $198.49. Royal Caribbean Cruises has a 12 month low of $113.10 and a 12 month high of $258.70. The stock has a market capitalization of $62.54 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 22.61%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America raised their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Mizuho reissued an “outperform” rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday. Tigress Financial upped their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Barclays boosted their price target on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.81.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock valued at $94,299,521 in the last 90 days. Insiders own 7.95% of the company’s stock.

About Royal Caribbean Cruises

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.