Royal Caribbean Cruises (RCL) to Release Quarterly Earnings on Tuesday

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

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $3.85 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. 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

NYSE:RCL opened at $232.59 on Monday. The firm’s fifty day moving average is $237.76 and its two-hundred day moving average is $198.74. The firm has a market cap of $62.54 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises has a one year low of $113.10 and a one year high of $258.70.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a 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%.

Insider Activity

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the 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 sale, the director now owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last three months. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RCL. Citigroup boosted their price target on Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley increased their price target on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group lowered their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Mizuho restated an “outperform” rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $249.81.

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.