Royal Caribbean Cruises (RCL) to Release Earnings on Thursday

Royal Caribbean Cruises (NYSE:RCL) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Royal Caribbean Cruises to post earnings of $1.30 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the prior year, the company earned ($1.12) EPS. Royal Caribbean Cruises’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 Stock Up 1.1 %

NYSE:RCL opened at $127.97 on Thursday. The stock’s fifty day moving average price is $127.83 and its two-hundred day moving average price is $115.46. Royal Caribbean Cruises has a 52-week low of $59.37 and a 52-week high of $141.70. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market cap of $32.85 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.46 and a beta of 2.52.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now 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 is available through the SEC website. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several large investors have recently added to or reduced their stakes in the business. O Dell Group LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at about $53,000. Public Employees Retirement System of Ohio lifted its position in Royal Caribbean Cruises by 16.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 110,651 shares of the company’s stock valued at $14,328,000 after acquiring an additional 15,273 shares in the last quarter. Townsquare Capital LLC lifted its position in Royal Caribbean Cruises by 6.7% in the 4th quarter. Townsquare Capital LLC now owns 2,575 shares of the company’s stock valued at $333,000 after acquiring an additional 162 shares in the last quarter. Dagco Inc. bought a new position in Royal Caribbean Cruises in the 4th quarter valued at about $25,000. Finally, Legal & General Group Plc lifted its position in Royal Caribbean Cruises by 22.9% in the 4th quarter. Legal & General Group Plc now owns 1,448,977 shares of the company’s stock valued at $187,628,000 after acquiring an additional 270,012 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays upped their price objective on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a research note on Wednesday. They set a “buy” rating and a $164.00 target price on the stock. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $136.94.

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.