Royal Caribbean Cruises (RCL) to Release Earnings on Tuesday

Royal Caribbean Cruises (NYSE:RCL) will release its earnings data before the market opens on Tuesday, October 29th. Analysts expect Royal Caribbean Cruises to post earnings of $5.05 per share for the quarter. Persons that wish to listen to 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, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.82 EPS. 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 Price Performance

RCL stock opened at $200.91 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The firm has a market cap of $51.70 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 0.58 and a beta of 2.61. The company’s fifty day simple moving average is $176.41 and its 200 day simple moving average is $159.28. Royal Caribbean Cruises has a 12-month low of $78.35 and a 12-month high of $204.37.

Insider Activity at Royal Caribbean Cruises

In related news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 7.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RCL shares. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Macquarie raised their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Susquehanna raised their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Finally, Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.27.

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.