Zacks: Brokerages Anticipate Royal Caribbean Cruises Ltd. (NYSE:RCL) to Announce -$2.03 EPS

Wall Street analysts expect Royal Caribbean Cruises Ltd. (NYSE:RCLGet Rating) to announce ($2.03) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Royal Caribbean Cruises’ earnings, with the lowest EPS estimate coming in at ($2.73) and the highest estimate coming in at ($1.48). Royal Caribbean Cruises posted earnings per share of ($5.06) during the same quarter last year, which indicates a positive year over year growth rate of 59.9%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Royal Caribbean Cruises will report full year earnings of ($5.46) per share for the current year, with EPS estimates ranging from ($7.07) to ($2.82). For the next financial year, analysts anticipate that the company will post earnings of $4.89 per share, with EPS estimates ranging from $3.85 to $5.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last released its earnings results on Thursday, May 5th. The company reported ($4.57) EPS for the quarter, beating the consensus estimate of ($4.68) by $0.11. Royal Caribbean Cruises had a negative net margin of 207.74% and a negative return on equity of 83.99%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned ($4.44) EPS. The business’s quarterly revenue was up 2421.1% compared to the same quarter last year.

Several brokerages recently issued reports on RCL. Truist Financial decreased their price target on shares of Royal Caribbean Cruises from $80.00 to $70.00 and set a “hold” rating on the stock in a report on Thursday, March 17th. Citigroup began coverage on shares of Royal Caribbean Cruises in a report on Thursday, February 10th. They set a “buy” rating and a $105.00 price target on the stock. Wells Fargo & Company began coverage on shares of Royal Caribbean Cruises in a report on Tuesday, March 29th. They set an “overweight” rating and a $93.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, March 14th. Finally, Morgan Stanley decreased their price target on shares of Royal Caribbean Cruises from $65.00 to $61.00 and set an “underweight” rating on the stock in a report on Tuesday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $91.11.

In other news, CEO Michael W. Bayley sold 3,637 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total value of $290,960.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael W. Bayley sold 3,859 shares of the company’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $77.02, for a total transaction of $297,220.18. The disclosure for this sale can be found here. Insiders own 9.56% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in RCL. PSI Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $27,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Royal Caribbean Cruises by 303.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company’s stock valued at $27,000 after acquiring an additional 261 shares during the period. Capital Advisory Group Advisory Services LLC acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $29,000. Wolff Wiese Magana LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $31,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $37,000. Institutional investors own 73.74% of the company’s stock.

RCL stock traded up $3.85 during mid-day trading on Friday, hitting $61.63. The stock had a trading volume of 4,633,581 shares, compared to its average volume of 2,972,251. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 5.00. Royal Caribbean Cruises has a 52 week low of $56.15 and a 52 week high of $98.27. The firm has a market capitalization of $15.71 billion, a P/E ratio of -2.96 and a beta of 2.38. The firm has a fifty day simple moving average of $76.07 and a 200 day simple moving average of $78.43.

About Royal Caribbean Cruises (Get Rating)

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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