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%.
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.
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