Royal Caribbean Cruises (RCL) to Release Earnings on Thursday

Royal Caribbean Cruises (NYSE:RCLGet Rating) will post its quarterly earnings results before the market opens on Thursday, May 5th. Analysts expect Royal Caribbean Cruises to post earnings of ($4.65) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last posted its quarterly earnings results on Friday, February 4th. The company reported ($4.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($3.70) by ($1.08). The company had revenue of $982.30 million for the quarter, compared to analysts’ expectations of $1.15 billion. Royal Caribbean Cruises had a negative return on equity of 67.57% and a negative net margin of 343.35%. The business’s revenue for the quarter was up 2780.6% on a year-over-year basis. During the same period in the prior year, the business earned ($5.02) EPS. On average, analysts expect Royal Caribbean Cruises to post $-4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NYSE:RCL opened at $79.60 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 3.71. The company has a market cap of $20.30 billion, a P/E ratio of -3.81 and a beta of 2.51. Royal Caribbean Cruises has a fifty-two week low of $61.45 and a fifty-two week high of $98.27. The firm’s 50 day moving average is $77.93 and its two-hundred day moving average is $79.79.

RCL has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Royal Caribbean Cruises from $65.00 to $61.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 8th. Citigroup initiated coverage on shares of Royal Caribbean Cruises in a research note on Thursday, February 10th. They set a “buy” rating and a $105.00 price target on the stock. Truist Financial cut their price target on shares of Royal Caribbean Cruises from $80.00 to $70.00 and set a “hold” rating on the stock in a research note on Thursday, March 17th. Stifel Nicolaus cut their price target on shares of Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. Finally, Wells Fargo & Company began coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $93.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $91.67.

In related news, CEO Michael W. Bayley sold 3,859 shares of the firm’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $77.02, for a total transaction of $297,220.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael W. Bayley sold 3,637 shares of the firm’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total transaction of $290,960.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,931 shares of company stock worth $1,505,730. Insiders own 9.56% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RCL. Morgan Stanley grew its holdings in Royal Caribbean Cruises by 52.9% during the 2nd quarter. Morgan Stanley now owns 958,269 shares of the company’s stock valued at $81,722,000 after purchasing an additional 331,519 shares in the last quarter. Hardman Johnston Global Advisors LLC grew its holdings in Royal Caribbean Cruises by 14.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 189,770 shares of the company’s stock worth $14,593,000 after acquiring an additional 24,160 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $45,000. Squarepoint Ops LLC grew its holdings in Royal Caribbean Cruises by 45.7% during the 4th quarter. Squarepoint Ops LLC now owns 6,369 shares of the company’s stock worth $490,000 after acquiring an additional 1,997 shares in the last quarter. Finally, CIBC World Markets Inc. grew its holdings in Royal Caribbean Cruises by 2.8% during the 4th quarter. CIBC World Markets Inc. now owns 6,862 shares of the company’s stock worth $528,000 after acquiring an additional 185 shares in the last quarter. 72.02% of the stock is owned by institutional investors and hedge funds.

About Royal Caribbean Cruises (Get Rating)

Royal Caribbean Cruises Ltd. 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 February 25, 2022, it operated 61 ships.

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Earnings History for Royal Caribbean Cruises (NYSE:RCL)

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