Royal Caribbean Cruises (RCL) to Release Earnings on Thursday

Royal Caribbean Cruises (NYSE:RCLGet Free Report) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Royal Caribbean Cruises to post earnings of $1.30 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the business posted ($1.12) earnings per share. 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 Up 3.5 %

Shares of RCL stock opened at $136.67 on Wednesday. The firm has a 50 day moving average price of $128.91 and a two-hundred day moving average price of $116.82. 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 company has a market capitalization of $35.08 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises has a 12-month low of $59.37 and a 12-month high of $141.70.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RCL. Macquarie raised 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. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.94.

Get Our Latest Stock Analysis on Royal Caribbean Cruises

Insider Activity at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is currently owned by insiders.

About Royal Caribbean Cruises

(Get Free Report)

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.

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Earnings History for Royal Caribbean Cruises (NYSE:RCL)

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