Analysts expect that Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) will post earnings of ($2.14) per share for the current quarter, according to Zacks. Five analysts have provided estimates for Royal Caribbean Cruises’ earnings. The lowest EPS estimate is ($2.73) and the highest is ($1.54). Royal Caribbean Cruises reported earnings of ($5.06) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 57.7%. The business is scheduled to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Royal Caribbean Cruises will report full-year earnings of ($6.07) per share for the current fiscal year, with EPS estimates ranging from ($7.07) to ($2.82). For the next fiscal year, analysts anticipate that the firm will report earnings of $4.82 per share, with EPS estimates ranging from $3.85 to $5.80. Zacks’ earnings per share averages are an average based on a survey of analysts that provide coverage for Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($4.57) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.68) by $0.11. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Royal Caribbean Cruises had a negative return on equity of 83.99% and a negative net margin of 207.74%. The company’s revenue for the quarter was up 2421.1% compared to the same quarter last year. During the same period last year, the firm earned ($4.44) earnings per share.
RCL has been the subject of a number of recent analyst reports. Wells Fargo & Company started coverage on Royal Caribbean Cruises in a report on Tuesday, March 29th. They set an “overweight” rating and a $93.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Royal Caribbean Cruises from $81.00 to $76.00 in a research note on Friday, May 6th. Stifel Nicolaus cut their price objective on Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, March 14th. Truist Financial decreased their target price on Royal Caribbean Cruises from $70.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. Finally, Morgan Stanley reduced their price target on 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. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $90.56.
In related news, CEO Michael W. Bayley sold 3,859 shares of Royal Caribbean Cruises stock in a transaction on Friday, March 25th. The stock was sold at an average price of $77.02, for a total value of $297,220.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael W. Bayley sold 3,637 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total value of $290,960.00. The disclosure for this sale can be found here. 9.56% of the stock is owned by insiders.
Several large investors have recently modified their holdings of RCL. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Royal Caribbean Cruises by 2.1% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,962 shares of the company’s stock valued at $530,000 after buying an additional 120 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Royal Caribbean Cruises by 4.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 2,707 shares of the company’s stock worth $208,000 after purchasing an additional 122 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Royal Caribbean Cruises by 36.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 460 shares of the company’s stock worth $41,000 after purchasing an additional 123 shares during the period. First Command Financial Services Inc. grew its holdings in Royal Caribbean Cruises by 20.6% during the fourth quarter. First Command Financial Services Inc. now owns 750 shares of the company’s stock valued at $58,000 after purchasing an additional 128 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Royal Caribbean Cruises by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,157 shares of the company’s stock worth $1,088,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 73.74% of the company’s stock.
Shares of NYSE:RCL opened at $58.19 on Friday. Royal Caribbean Cruises has a 12 month low of $48.90 and a 12 month high of $98.27. The company has a market cap of $14.84 billion, a price-to-earnings ratio of -2.80 and a beta of 2.38. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 5.00. The company has a 50-day moving average price of $73.20 and a 200-day moving average price of $76.24.
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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