After finishing at $138.29 in the prior trading day, Royal Caribbean Group (NYSE: RCL) closed at $133.18, down -3.70%. In other words, the price has decreased by -$5.11 from its previous closing price. On the day, 3915119 shares were traded. RCL stock price reached its highest trading level at $138.12 during the session, while it also had its lowest trading level at $129.69.
Ratios:
Our goal is to gain a better understanding of RCL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.93. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.19. In the meantime, Its Debt-to-Equity ratio is 4.68 whereas as Long-Term Debt/Eq ratio is at 4.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on March 13, 2024, initiated with a Buy rating and assigned the stock a target price of $162.
On October 23, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $115.HSBC Securities initiated its Buy rating on October 23, 2023, with a $115 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 13 ’24 when Bayley Michael W sold 11,753 shares for $116.01 per share. The transaction valued at 1,363,486 led to the insider holds 166,537 shares of the business.
Wilhelmsen Arne Alexander sold 284,766 shares of RCL for $34,664,565 on Dec 14 ’23. The Director now owns 19,167,507 shares after completing the transaction at $121.73 per share. On Dec 13 ’23, another insider, Wilhelmsen Arne Alexander, who serves as the Director of the company, sold 400,000 shares for $119.98 each. As a result, the insider received 47,992,000 and left with 19,452,273 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RCL now has a Market Capitalization of 34.18B and an Enterprise Value of 55.81B. As of this moment, Royal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.62, and their Forward P/E ratio for the next fiscal year is 11.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 7.23. Its current Enterprise Value per Revenue stands at 4.02 whereas that against EBITDA is 12.24.
Stock Price History:
Over the past 52 weeks, RCL has reached a high of $141.70, while it has fallen to a 52-week low of $59.37. The 50-Day Moving Average of the stock is 127.11, while the 200-Day Moving Average is calculated to be 109.57.
Shares Statistics:
The stock has traded on average 2.66M shares per day over the past 3-months and 2.84M shares per day over the last 10 days, according to various share statistics. A total of 256.42M shares are outstanding, with a floating share count of 235.75M. Insiders hold about 8.14% of the company’s shares, while institutions hold 80.57% stake in the company. Shares short for RCL as of Mar 28, 2024 were 15.36M with a Short Ratio of 5.89, compared to 15.13M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.98% and a Short% of Float of 8.73%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.52. The current Payout Ratio is 0.00% for RCL, which recently paid a dividend on Apr 06, 2020 with an ex-dividend date of Mar 05, 2020. Stock splits for the company last occurred on Aug 03, 1998 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 15 different market analysts. On average, analysts expect EPS of $1.3 for the current quarter, with a high estimate of $1.48 and a low estimate of $1.14, while EPS last year was -$0.23. The consensus estimate for the next quarter is $2.37, with high estimates of $2.57 and low estimates of $2.07.
Analysts are recommending an EPS of between $10.3 and $9.68 for the fiscal current year, implying an average EPS of $10.06. EPS for the following year is $11.68, with 20 analysts recommending between $12.93 and $11.
Revenue Estimates
14 analysts predict $3.68B in revenue for the current quarter. It ranges from a high estimate of $3.85B to a low estimate of $3.57B. As of the current estimate, Royal Caribbean Group’s year-ago sales were $2.89B, an estimated increase of 27.50% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $3.97B, an increase of 16.50% less than the figure of $27.50% in the same quarter last year. There is a high estimate of $4.12B for the next quarter, whereas the lowest estimate is $3.79B.
A total of 19 analysts have provided revenue estimates for RCL’s current fiscal year. The highest revenue estimate was $16.59B, while the lowest revenue estimate was $15.5B, resulting in an average revenue estimate of $16.12B. In the same quarter a year ago, actual revenue was $13.9B, up 15.90% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $17.39B in the next fiscal year. The high estimate is $17.93B and the low estimate is $16.56B. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.
