Truist Securiti Weighs in on Royal Caribbean Group’s FY2021 Earnings (NYSE:RCL)

Royal Caribbean Group (NYSE:RCL) – Research analysts at Truist Securiti cut their FY2021 earnings per share estimates for shares of Royal Caribbean Group in a research report issued to clients and investors on Monday, November 22nd. Truist Securiti analyst P. Scholes now expects that the company will post earnings of ($18.06) per share for the year, down from their previous forecast of ($16.55). Truist Securiti also issued estimates for Royal Caribbean Group’s Q4 2021 earnings at ($3.63) EPS, Q1 2022 earnings at ($1.97) EPS, Q2 2022 earnings at ($0.06) EPS, Q3 2022 earnings at $2.08 EPS, Q4 2022 earnings at $0.47 EPS, FY2022 earnings at $0.52 EPS, Q1 2023 earnings at $0.64 EPS, Q2 2023 earnings at $1.54 EPS and Q3 2023 earnings at $3.21 EPS.

A number of other equities analysts also recently weighed in on RCL. Truist Securities boosted their target price on Royal Caribbean Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, September 22nd. Truist boosted their target price on Royal Caribbean Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, September 22nd. Stifel Nicolaus boosted their target price on Royal Caribbean Group from $95.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, September 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Royal Caribbean Group from $83.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Group has a consensus rating of “Hold” and a consensus target price of $91.50.

RCL stock opened at $78.34 on Wednesday. The company has a market capitalization of $19.96 billion, a P/E ratio of -3.62 and a beta of 2.61. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.77 and a current ratio of 0.79. Royal Caribbean Group has a 52-week low of $64.26 and a 52-week high of $99.24. The business has a 50-day simple moving average of $86.50 and a two-hundred day simple moving average of $84.26.

Royal Caribbean Group (NYSE:RCL) last released its quarterly earnings results on Thursday, October 28th. The company reported ($4.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.10) by ($0.81). The company had revenue of $456.96 million for the quarter, compared to analyst estimates of $618.88 million. Royal Caribbean Group had a negative net margin of 902.44% and a negative return on equity of 58.76%. Royal Caribbean Group’s revenue for the quarter was down 1456.4% on a year-over-year basis. During the same quarter last year, the firm posted ($5.62) EPS.

In related news, CEO Lisa Lutoff-Perlo sold 2,591 shares of the company’s stock in a transaction that occurred on Monday, October 11th. The stock was sold at an average price of $87.45, for a total value of $226,582.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.56% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Capital International Investors raised its holdings in Royal Caribbean Group by 41.9% during the 2nd quarter. Capital International Investors now owns 20,912,689 shares of the company’s stock valued at $1,783,114,000 after acquiring an additional 6,170,103 shares during the period. Voya Investment Management LLC raised its holdings in Royal Caribbean Group by 32.7% during the 3rd quarter. Voya Investment Management LLC now owns 3,488,790 shares of the company’s stock valued at $310,328,000 after acquiring an additional 860,273 shares during the period. Scout Investments Inc. bought a new stake in Royal Caribbean Group during the 3rd quarter valued at $54,369,000. Zimmer Partners LP bought a new stake in Royal Caribbean Group during the 2nd quarter valued at $47,970,000. Finally, Neuberger Berman Group LLC bought a new stake in Royal Caribbean Group during the 3rd quarter valued at $45,438,000. Institutional investors and hedge funds own 71.38% of the company’s stock.

Royal Caribbean Group Company Profile

Royal Caribbean Cruises Group operates as a global cruise company. It controls and operates the following global cruise brands: Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. The firm also holds interest in TUI Cruises, Pullmantur, and SkySea Cruises brands. The company was founded in by Arne Wilhelmsen in 1968 and is headquartered in Miami, FL.

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

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