-$4.37 EPS Expected for Royal Caribbean Group (NYSE:RCL) This Quarter

Equities analysts expect Royal Caribbean Group (NYSE:RCL) to report ($4.37) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Royal Caribbean Group’s earnings, with the lowest EPS estimate coming in at ($4.93) and the highest estimate coming in at ($3.20). Royal Caribbean Group reported earnings of ($6.13) per share during the same quarter last year, which would indicate a positive year over year growth rate of 28.7%. The business is expected to issue its next earnings report on Monday, August 9th.

On average, analysts expect that Royal Caribbean Group will report full year earnings of ($13.89) per share for the current fiscal year, with EPS estimates ranging from ($17.16) to ($10.61). For the next year, analysts expect that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $0.01 to $4.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Royal Caribbean Group.

Royal Caribbean Group (NYSE:RCL) last announced its quarterly earnings results on Thursday, April 29th. The company reported ($4.44) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.54) by $0.10. Royal Caribbean Group had a negative return on equity of 25.20% and a negative net margin of 24.36%.

A number of analysts recently commented on RCL shares. Truist increased their price objective on Royal Caribbean Group from $48.00 to $68.00 in a research note on Monday, March 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Royal Caribbean Group from $62.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, February 23rd. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Group from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, March 22nd. UBS Group increased their price objective on Royal Caribbean Group from $79.00 to $116.00 and gave the company a “buy” rating in a research note on Wednesday, March 24th. Finally, The Goldman Sachs Group increased their price objective on Royal Caribbean Group from $76.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, April 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $77.13.

In related news, CFO Jason T. Liberty sold 34,778 shares of the firm’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $90.17, for a total transaction of $3,135,932.26. Following the sale, the chief financial officer now directly owns 115,251 shares in the company, valued at approximately $10,392,182.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jason T. Liberty sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 12th. The shares were sold at an average price of $88.77, for a total value of $266,310.00. Following the sale, the chief financial officer now owns 93,789 shares in the company, valued at $8,325,649.53. The disclosure for this sale can be found here. Insiders sold a total of 76,688 shares of company stock worth $6,980,182 over the last ninety days. Corporate insiders own 13.09% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Royal Caribbean Group by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,343,402 shares of the company’s stock valued at $175,018,000 after buying an additional 69,757 shares during the period. Norges Bank purchased a new stake in shares of Royal Caribbean Group during the 4th quarter valued at about $153,899,000. Northern Trust Corp increased its holdings in Royal Caribbean Group by 0.5% during the 4th quarter. Northern Trust Corp now owns 2,040,372 shares of the company’s stock worth $152,394,000 after purchasing an additional 10,994 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Royal Caribbean Group by 3.2% during the 4th quarter. Nuveen Asset Management LLC now owns 1,357,475 shares of the company’s stock worth $101,390,000 after purchasing an additional 42,671 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Royal Caribbean Group by 176.2% during the 4th quarter. Morgan Stanley now owns 1,199,606 shares of the company’s stock worth $89,597,000 after purchasing an additional 765,284 shares during the last quarter. Institutional investors and hedge funds own 59.07% of the company’s stock.

Shares of RCL stock traded down $3.92 during mid-day trading on Tuesday, reaching $83.99. The stock had a trading volume of 4,651,897 shares, compared to its average volume of 4,863,872. Royal Caribbean Group has a 12-month low of $31.41 and a 12-month high of $99.24. The company has a market cap of $21.38 billion, a P/E ratio of -4.26 and a beta of 2.86. The business has a 50-day simple moving average of $86.92 and a 200 day simple moving average of $76.97. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 2.12.

Royal Caribbean Group Company Profile

Royal Caribbean Group operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of December 31, 2020, it operated 61 ships with an aggregate capacity of approximately 137,930 berths.

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Earnings History and Estimates for Royal Caribbean Group (NYSE:RCL)

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