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

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Royal Caribbean Cruises (NYSE:RCL) will announce its earnings results before the market opens on Thursday, October 25th. Analysts expect the company to announce earnings of $3.96 per share for the quarter. Royal Caribbean Cruises has set its Q3 guidance at $3.90-3.95 EPS and its FY18 guidance at $8.70-8.90 EPS.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.30. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. Royal Caribbean Cruises’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 earnings per share. On average, analysts expect Royal Caribbean Cruises to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Shares of RCL stock traded down $1.45 during trading on Friday, hitting $115.18. The company’s stock had a trading volume of 2,438,680 shares, compared to its average volume of 1,656,236. The firm has a market cap of $24.37 billion, a PE ratio of 15.30, a P/E/G ratio of 0.83 and a beta of 1.17. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.68. Royal Caribbean Cruises has a 52 week low of $101.20 and a 52 week high of $135.65.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Friday, September 21st were issued a $0.70 dividend. The ex-dividend date was Thursday, September 20th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.43%. Royal Caribbean Cruises’s dividend payout ratio is currently 37.18%.

Several equities analysts have recently issued reports on RCL shares. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Citigroup reduced their target price on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a report on Friday, August 17th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $147.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 24th. Morgan Stanley upped their target price on Royal Caribbean Cruises from $110.00 to $120.00 and gave the company a “hold” rating in a report on Thursday, September 6th. Finally, ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $142.07.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the transaction, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.26% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

Further Reading: NASDAQ

Earnings History for Royal Caribbean Cruises (NYSE:RCL)

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