Royal Caribbean Cruises (RCL) to Release Earnings on Wednesday

Royal Caribbean Cruises (NYSE:RCL) will be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Royal Caribbean Cruises to post earnings of $4.31 per share for the quarter.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. Royal Caribbean Cruises’s revenue was up 20.1% on a year-over-year basis. On average, analysts expect Royal Caribbean Cruises to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

NYSE:RCL traded down $0.95 during mid-day trading on Thursday, reaching $108.73. The company’s stock had a trading volume of 17,163 shares, compared to its average volume of 1,487,137. Royal Caribbean Cruises has a 12-month low of $89.48 and a 12-month high of $131.04. The firm’s fifty day moving average price is $108.56 and its two-hundred day moving average price is $114.82. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.83. The stock has a market cap of $23.01 billion, a P/E ratio of 12.29, a PEG ratio of 1.07 and a beta of 1.40.

The firm also recently announced a 0.70000 dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were given a $0.78 dividend. This represents a yield of 2.8%. The ex-dividend date of this dividend was Thursday, September 19th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 35.21%.

In other news, CEO Lawrence R. Pimentel sold 10,518 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total transaction of $1,138,573.50. Following the completion of the sale, the chief executive officer now owns 55,909 shares of the company’s stock, valued at approximately $6,052,149.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $108.46, for a total transaction of $2,169,200.00. Following the sale, the chief executive officer now directly owns 905,651 shares of the company’s stock, valued at approximately $98,226,907.46. The disclosure for this sale can be found here. Insiders have sold a total of 70,518 shares of company stock valued at $7,520,974 in the last ninety days. Insiders own 13.07% of the company’s stock.

A number of brokerages have weighed in on RCL. Zacks Investment Research raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating and set a $113.00 target price for the company in a research report on Monday, October 14th. Macquarie raised Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $126.00 to $132.00 in a research report on Friday, October 18th. Deutsche Bank decreased their target price on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Wells Fargo & Co boosted their target price on Royal Caribbean Cruises from $155.00 to $158.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Finally, ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $145.10.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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Earnings History for Royal Caribbean Cruises (NYSE:RCL)

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