Royal Caribbean Cruises (NYSE:RCL) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.55-9.65 for the period, compared to the Thomson Reuters consensus estimate of $9.64. Royal Caribbean Cruises also updated its Q3 2019 guidance to $4.35-4.35 EPS.

RCL stock traded up $0.92 during mid-day trading on Friday, hitting $113.96. 2,322,965 shares of the company were exchanged, compared to its average volume of 2,322,878. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.67. Royal Caribbean Cruises has a 1-year low of $89.48 and a 1-year high of $133.60. The business has a 50 day simple moving average of $116.66. The firm has a market cap of $23.89 billion, a PE ratio of 12.86, a PEG ratio of 1.04 and a beta of 1.32.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.09. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.50%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Sell-side analysts predict that Royal Caribbean Cruises will post 9.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.46%. Royal Caribbean Cruises’s payout ratio is 31.60%.

A number of research firms have recently weighed in on RCL. Stifel Nicolaus lifted their price target on shares of Starbucks from $86.00 to $90.00 and gave the company a hold rating in a research report on Friday. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a sell rating to a hold rating in a research report on Monday, April 15th. Deutsche Bank set a $128.00 price target on shares of United Rentals and gave the company a hold rating in a research report on Friday, July 19th. Buckingham Research lifted their price target on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Finally, Citigroup lifted their price target on shares of SolarWinds from $20.00 to $23.00 and gave the company a buy rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $142.50.

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 2,700 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $126.49, for a total transaction of $341,523.00. Following the sale, the director now owns 3,081 shares of the company’s stock, valued at $389,715.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the sale, the chief executive officer now directly owns 910,639 shares in the company, valued at approximately $100,370,630.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,834 shares of company stock valued at $3,075,902. Company insiders own 13.07% of the company’s stock.

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, Azamara Club Cruises, and Silversea 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 and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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