$124.62 Million in Sales Expected for Royal Caribbean Group (NYSE:RCL) This Quarter


Share on StockTwits

Equities research analysts predict that Royal Caribbean Group (NYSE:RCL) will post sales of $124.62 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Royal Caribbean Group’s earnings, with estimates ranging from $17.00 million to $322.90 million. Royal Caribbean Group posted sales of $175.61 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 29%. The firm is scheduled to announce its next quarterly earnings results on Monday, August 9th.

On average, analysts expect that Royal Caribbean Group will report full year sales of $2.24 billion for the current year, with estimates ranging from $1.22 billion to $3.62 billion. For the next year, analysts anticipate that the business will post sales of $10.15 billion, with estimates ranging from $9.45 billion to $10.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Royal Caribbean Group.

Royal Caribbean Group (NYSE:RCL) last posted its earnings results on Thursday, April 29th. The company reported ($4.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.54) by $0.10. Royal Caribbean Group had a negative return on equity of 25.20% and a negative net margin of 24.36%.

A number of equities research analysts have recently weighed in on the company. Truist lifted their price objective on Royal Caribbean Group from $48.00 to $68.00 in a research note on Monday, March 15th. Credit Suisse Group lifted their price objective on Royal Caribbean Group from $76.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, February 24th. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Group from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. Zacks Investment Research upgraded Royal Caribbean Group from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a report on Thursday, January 28th. Finally, The Goldman Sachs Group lifted their target price on Royal Caribbean Group from $76.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, April 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.13.

In other news, CFO Jason T. Liberty sold 3,000 shares of the business’s stock in a transaction dated Monday, April 12th. The stock was sold at an average price of $88.77, for a total value of $266,310.00. Following the completion of the sale, the chief financial officer now directly owns 93,789 shares of the company’s stock, valued at approximately $8,325,649.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 15,208 shares of the business’s stock in a transaction dated Wednesday, April 7th. The shares were sold at an average price of $95.00, for a total value of $1,444,760.00. Following the completion of the sale, the chief accounting officer now directly owns 39,544 shares of the company’s stock, valued at $3,756,680. The disclosure for this sale can be found here. Insiders sold a total of 76,688 shares of company stock valued at $6,980,182 over the last three months. Company insiders own 13.09% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Royal Caribbean Group by 6.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 52,666 shares of the company’s stock valued at $3,934,000 after acquiring an additional 3,288 shares during the period. Usca Ria LLC increased its position in Royal Caribbean Group by 412.7% in the 4th quarter. Usca Ria LLC now owns 18,430 shares of the company’s stock valued at $1,377,000 after acquiring an additional 14,835 shares during the period. Cowa LLC acquired a new position in Royal Caribbean Group in the 4th quarter valued at about $101,000. Birchcreek Wealth Management LLC acquired a new position in Royal Caribbean Group in the 4th quarter valued at about $59,000. Finally, Chiron Capital Management LLC acquired a new position in Royal Caribbean Group in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 59.07% of the company’s stock.

RCL stock traded down $3.92 during midday trading on Thursday, hitting $83.99. 4,651,897 shares of the company’s stock were exchanged, compared to its average volume of 4,863,872. The business has a 50-day simple moving average of $86.92 and a two-hundred day simple moving average of $76.97. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $21.38 billion, a PE ratio of -4.26 and a beta of 2.86. Royal Caribbean Group has a 1-year low of $31.41 and a 1-year high of $99.24.

Royal Caribbean Group Company Profile

Royal Caribbean Group 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 December 31, 2020, it operated 61 ships with an aggregate capacity of approximately 137,930 berths.

Read More: Quiet Period

Get a free copy of the Zacks research report on Royal Caribbean Group (RCL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Royal Caribbean Group (NYSE:RCL)

Receive News & Ratings for Royal Caribbean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Group and related companies with MarketBeat.com's FREE daily email newsletter.