Brokerages expect that Royal Caribbean Cruises Ltd. (NYSE:RCL – GetRating) will announce earnings per share (EPS) of ($4.65) for the current quarter, according to Zacks. Five analysts have made estimates for Royal Caribbean Cruises’ earnings, with the highest EPS estimate coming in at ($4.01) and the lowest estimate coming in at ($5.37). Royal Caribbean Cruises reported earnings of ($4.44) per share in the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Royal Caribbean Cruises will report full-year earnings of ($4.29) per share for the current financial year, with EPS estimates ranging from ($6.50) to ($1.23). For the next fiscal year, analysts anticipate that the firm will report earnings of $5.42 per share, with EPS estimates ranging from $4.10 to $6.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL – GetRating) last announced its earnings results on Friday, February 4th. The company reported ($4.78) EPS for the quarter, missing the consensus estimate of ($3.70) by ($1.08). The company had revenue of $982.30 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2780.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($5.02) EPS.
Several analysts recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating for the company in a report on Monday, March 14th. Wells Fargo & Company started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, March 29th. They issued an “overweight” rating and a $93.00 price objective for the company. Citigroup started coverage on shares of Royal Caribbean Cruises in a research note on Thursday, February 10th. They issued a “buy” rating and a $105.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Royal Caribbean Cruises from $65.00 to $61.00 and set an “underweight” rating for the company in a research note on Tuesday, February 8th. Finally, Truist Financial dropped their price objective on shares of Royal Caribbean Cruises from $80.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.00.
In related news, CEO Michael W. Bayley sold 3,859 shares of the company’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this link. So CEO Lisa Lutoff-Perlo sold 10,435 shares of the company’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $87.93, for a total transaction of $917,549.55. The disclosure for this sale can be found here. Insiders sold a total of 17,931 shares of company stock valued at $1,505,730 over the last 90 days. Corporate insiders own 9.56% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. PSI Advisors LLC bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV grew its holdings in Royal Caribbean Cruises by 303.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company’s stock worth $27,000 after acquiring an additional 261 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $31,000. O Shaughnessy Asset Management LLC grew its holdings in Royal Caribbean Cruises by 36.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 460 shares of the company’s stock worth $41,000 after acquiring an additional 123 shares during the last quarter. Finally, Cassady Schiller Wealth Management LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 72.02% of the company’s stock.
Shares of RCL stock traded up $0.61 during midday trading on Friday, hitting $82.58. 2,276,849 shares of the company were exchanged, compared to its average volume of 2,926,534. The firm has a market capitalization of $21.06 billion, a P/E ratio of -3.96 and a beta of 2.51. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.47 and a current ratio of 0.49. The firm’s 50 day moving average price is $78.56 and its two-hundred day moving average price is $80.24. Royal Caribbean Cruises has a 52 week low of $61.45 and a 52 week high of $98.27.
Royal Caribbean Cruises Company Profile (GetRating)
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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