Royal Caribbean Cruises (NYSE:RCL) is scheduled to be announcing its earnings results before the market opens on Thursday, October 25th. Analysts expect the company to announce earnings of $3.96 per share for the quarter. Royal Caribbean Cruises has set its Q3 guidance at $3.90-3.95 EPS and its FY18 guidance at $8.70-8.90 EPS.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.97 by $0.30. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the business posted $1.71 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts expect Royal Caribbean Cruises to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Shares of RCL stock traded down $1.45 on Friday, reaching $115.18. The company’s stock had a trading volume of 2,438,680 shares, compared to its average volume of 1,656,236. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.18 and a current ratio of 0.20. Royal Caribbean Cruises has a 12-month low of $101.20 and a 12-month high of $135.65. The company has a market capitalization of $24.37 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.83 and a beta of 1.17.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, September 20th. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 37.18%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $125.55, for a total transaction of $828,630.00. Following the sale, the executive vice president now owns 26,165 shares in the company, valued at $3,285,015.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.26% of the company’s stock.

A number of equities research analysts recently issued reports on RCL shares. Citigroup lowered their price objective on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Barclays assumed coverage on Royal Caribbean Cruises in a research report on Friday, August 3rd. They set an “overweight” rating on the stock. Morgan Stanley raised their price target on Royal Caribbean Cruises from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, September 6th. Nomura lowered their price target on Royal Caribbean Cruises from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, ValuEngine upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $142.07.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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Earnings History for Royal Caribbean Cruises (NYSE:RCL)

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