FY2021 EPS Estimates for Royal Caribbean Group Decreased by Truist Securiti (NYSE:RCL)

Royal Caribbean Group (NYSE:RCL) – Equities researchers at Truist Securiti decreased their FY2021 earnings per share estimates for shares of Royal Caribbean Group in a research note issued to investors on Monday, November 22nd. Truist Securiti analyst P. Scholes now forecasts that the company will post earnings per share of ($18.06) for the year, down from their prior estimate 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.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Royal Caribbean Group from $83.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, November 1st. Truist Securities lifted their price target on shares of 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 raised their price objective on shares of Royal Caribbean Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, September 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Royal Caribbean Group from $95.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, September 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.50.

Shares of Royal Caribbean Group stock opened at $78.34 on Wednesday. Royal Caribbean Group has a 52-week low of $64.26 and a 52-week high of $99.24. The company has a 50 day moving average of $86.50 and a 200 day moving average of $84.26. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 3.07. The company has a market capitalization of $19.96 billion, a P/E ratio of -3.62 and a beta of 2.61.

Royal Caribbean Group (NYSE:RCL) last posted its quarterly earnings data on Thursday, October 28th. The company reported ($4.91) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($4.10) by ($0.81). Royal Caribbean Group had a negative net margin of 902.44% and a negative return on equity of 58.76%. The business had revenue of $456.96 million during the quarter, compared to analysts’ expectations of $618.88 million. During the same period in the previous year, the business posted ($5.62) EPS. The company’s revenue for the quarter was down 1456.4% compared to the same quarter last year.

In other news, CEO Lisa Lutoff-Perlo sold 5,080 shares of Royal Caribbean Group stock in a transaction on Monday, September 13th. The shares were sold at an average price of $80.96, for a total value of $411,276.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 9.56% of the company’s stock.

Several institutional investors have recently made changes to their positions in RCL. Capital International Investors increased its holdings in shares of Royal Caribbean Group by 41.9% in 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 increased its stake in Royal Caribbean Group by 32.7% in the 3rd quarter. Voya Investment Management LLC now owns 3,488,790 shares of the company’s stock valued at $310,328,000 after buying an additional 860,273 shares during the period. Scout Investments Inc. acquired a new position in Royal Caribbean Group in the 3rd quarter valued at $54,369,000. Zimmer Partners LP acquired a new position in Royal Caribbean Group in the 2nd quarter valued at $47,970,000. Finally, Neuberger Berman Group LLC acquired a new position in Royal Caribbean Group in the 3rd quarter valued at $45,438,000. 71.38% of the stock is currently owned by institutional investors and hedge funds.

About Royal Caribbean Group

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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