Royal Caribbean Cruises (RCL) Set to Announce Quarterly Earnings on Thursday

Royal Caribbean Cruises (NYSE:RCL) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. During the same quarter in the previous year, the business earned ($1.12) earnings per share. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, analysts expect Royal Caribbean Cruises to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $132.04 on Tuesday. Royal Caribbean Cruises has a 52 week low of $59.37 and a 52 week high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The company has a market capitalization of $33.89 billion, a P/E ratio of 21.23, a P/E/G ratio of 0.47 and a beta of 2.52. The stock’s fifty day moving average is $128.51 and its two-hundred day moving average is $116.50.

Analyst Upgrades and Downgrades

Several research firms recently commented on RCL. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Mizuho initiated coverage on Royal Caribbean Cruises in a research report on Wednesday, April 17th. They set a “buy” rating and a $164.00 price objective for the company. Macquarie upped their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Morgan Stanley upped their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.94.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% 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.