Royal Caribbean Cruises Ltd. (NYSE:RCL) is scheduled to announce its earnings results before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $3.45 per share for the quarter. Royal Caribbean Cruises has set its Q3 guidance at approx $3.45 EPS.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. On average, analysts expect Royal Caribbean Cruises to post $7.41 EPS for the current fiscal year and $8.43 EPS for the next fiscal year.
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) opened at 122.40 on Wednesday. Royal Caribbean Cruises Ltd. has a 1-year low of $67.53 and a 1-year high of $128.09. The stock’s 50 day moving average price is $120.84 and its 200-day moving average price is $113.51. The stock has a market cap of $26.33 billion, a price-to-earnings ratio of 17.17 and a beta of 0.99.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were issued a $0.60 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. Royal Caribbean Cruises’s payout ratio is 33.71%.
In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction on Monday, August 14th. The stock was sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at approximately $2,809,997.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Fain sold 210,706 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at $112,093,440.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 480,079 shares of company stock valued at $56,461,455. 15.30% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently commented on RCL shares. Stifel Nicolaus reiterated a “buy” rating and issued a $134.00 target price on shares of Royal Caribbean Cruises in a report on Thursday, September 7th. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. J P Morgan Chase & Co upgraded Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $111.00 to $130.00 in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) began coverage on Royal Caribbean Cruises in a report on Monday, July 24th. They set a “neutral” rating for the company. Finally, Argus boosted their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $123.04.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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