Royal Caribbean Cruises (RCL) to Release Earnings on Tuesday

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) will release its earnings data before the market opens on Tuesday, October 29th. Analysts expect Royal Caribbean Cruises to post earnings of $5.05 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company earned $1.82 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts expect Royal Caribbean Cruises to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Royal Caribbean Cruises Stock Up 1.8 %

Shares of RCL stock traded up $3.51 during mid-day trading on Tuesday, reaching $203.42. 1,081,673 shares of the company were exchanged, compared to its average volume of 2,404,552. Royal Caribbean Cruises has a fifty-two week low of $78.35 and a fifty-two week high of $204.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market capitalization of $52.35 billion, a P/E ratio of 22.18, a P/E/G ratio of 0.57 and a beta of 2.61. The business's 50 day simple moving average is $173.72 and its 200 day simple moving average is $157.85.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a -- dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises's payout ratio is currently 17.45%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RCL shares. Mizuho lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a report on Tuesday, September 24th. Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Finally, Barclays raised their target price on Royal Caribbean Cruises from $195.00 to $244.00 and gave the company an "overweight" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average price target of $192.13.

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.