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

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share 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 firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the business posted ($1.12) EPS. The business's revenue was up 28.0% compared to the same quarter last year. 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 Trading Down 0.3 %

Royal Caribbean Cruises stock traded down $0.33 during trading hours on Thursday, reaching $127.64. 1,966,800 shares of the company's stock were exchanged, compared to its average volume of 2,736,520. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The firm's 50 day simple moving average is $127.83 and its 200 day simple moving average is $115.46. Royal Caribbean Cruises has a twelve month low of $59.37 and a twelve month high of $141.70. The firm has a market capitalization of $32.76 billion, a PE ratio of 20.58, a PEG 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 firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several large investors have recently modified their holdings of the stock. O Dell Group LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $53,000. Public Employees Retirement System of Ohio grew its stake 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 buying an additional 15,273 shares in the last quarter. Townsquare Capital LLC grew its stake 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 buying an additional 162 shares in the last quarter. Dagco Inc. purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $25,000. Finally, Legal & General Group Plc grew its stake 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 buying an additional 270,012 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RCL shares. Barclays increased their price target on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Argus increased their price objective on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a "buy" rating in a research report on Thursday, December 21st. Macquarie increased their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $136.94.

About Royal Caribbean Cruises

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.