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Royal Caribbean First Quarter Earnings Call Scheduled

In:
13 Apr 2015

Royal Caribbean will hold a conference call on April 20, 2015 at 9:30am to discuss its first quarter 2015 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com.  To listen to the call by phone, please dial (877) 663-9606 in the US and Canada.  International phone calls should be made to (706) 758-4628. There is no passcode or meeting number. A replay of the webcast will be available at the same site for a month following the call.

Royal Caribbean declares dividend for shareholders

In:
07 Feb 2015

Royal Caribbean's Board of Directors announced on Friday that it will offer its shareholders a quarterly dividend of $0.30 per share payable on March 4, 2015, to shareholders of record at the close of business on February 18, 2015.

This represents a $1.20 annualized dividend and a yield of 1.59%.

Royal Caribbean Cruises has a 52 week low of $49.65 and a 52 week high of $85.56. The stock has a 50-day moving average of $81.34 and a 200-day moving average of $69.80.

Royal Caribbean fourth quarter earnings miss analyst expectations

In:
29 Jan 2015

Royal Caribbean reported fourth-quarter profit of $109.8 million but missed Wall Street expectations, mostly because revenue for the quarter fell two percent.  The decline was attributed to weak pricing in the Caribbean, which is the company's biggest market.

Royal Caribbean has faced stiffed competition in the Caribbean from smaller rivals such as MSC Cruises, who offer cheaper packages.  The good news is pricing is expected to be up low single digits for the remainder of 2015.

Royal Caribbean's net income rose to $109.8 million, or 49 cents per share, in the fourth quarter ended Dec. 31 from $7.02 million, or 3 cents per share, a year earlier.

Royal Caribbean reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.11.

In addition, passenger ticket revenue rose 1% to $1.303B in the fourth quarter but revenue fell to $1.82 billion from $1.85 billion.

Looking forward to 2015, bookings over the past three months have been higher than prior year levels, and the company is experiencing a good, but typical WAVE season.

Royal Caribbean Fourth Quarter Earnings Call Scheduled

In:
22 Jan 2015

Royal Caribbean will hold a conference call on January 29, 2015 at 10am to discuss its fourth quarter 2015 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number. A replay of the webcast will be available at the same site for a month following the call.

Royal Caribbean to join stock elite in S&P 500

In:
01 Dec 2014

Good news for Royal Caribbean stock holders as the company's stock will join the ranks of the Standard & Poor's (S&P) 500, effective after the close of trading on Thursday, December 4, 2014.

Royal Caribbean replaced Bemis Company Inc on the listing.

The S&P 500 is one of the major stock indices traded on the New York Stock Exchange and is considered one of the top resources used to judge United States market performance. It is a stock market index that seeks to represent the whole stock market. It tracks the 500 most widely held stocks on the New York Stock Exchange.

To be included in the S&P 500, a company must meet the following minimum criteria:

  • Be a U.S. company.
  • Have a market cap of at least $4 billion.
  • At least 50% of its stock must be held by the public.
  • Four consecutive quarters of positive earnings.
  • A stock price of at least $1 per share.
  • Contribute to the overall balance of sectors within the S&P 500, to help it represent the overall market sector make-up.
  • Be listed on either the New York Stock Exchange or the NASDAQ.

Royal Caribbean finalizes price for stock buy back from original founder

In:
04 Nov 2014

Royal Caribbean has finalizes the price that it will repurchase 3.5 million shares of stock that are held by Awilhelmsen AS (Awilhelmsen).  Awilhelmsen is a privately owned investment company that was one of three founders of Royal Caribbean Cruises Ltd. in 1968.

The repurchase price per share will be $67.45, which is equal to the price paid by a financial institution to Awilhelmsen in connection with its sale of 3.5 million shares conducted yesterday November 3, 2014 pursuant to Rule 144 of the Securities Act.  The repurchase is expected to close on November 6, 2014.

The last reported sale price of Royal Caribbean Cruises Ltd (RCL) common stock on November 3, 2014 was $68.40 per share.

Royal Caribbean reports better than expected third quarter income

In:
23 Oct 2014

Royal Caribbean reported today earnings of $490.2 million in its third quarter.

On a per-share basis, Royal Caribbean had net income of $2.19. Earnings, adjusted for non-recurring costs and restructuring costs, came to $2.20 per share.

The company's third quarter results beat Wall Street expectations for income.  It did, however, post revenue fo $2.39 billion for the period, which missed analysts forecasts of $2.4 billion.

Its fourth quarter forecast was reduced a bit, with fourth-quarter adjusted earnings per share of 35 to 40 cents, below analyst projections of 48 cents.

For its 2015 outlook, ROyal Caribbean is experiencing strong early booking trends for 2015. Booked load factors and APDs are higher than same time last year and the booking window has extended. Europe sailings are off to a particularly good start, with strong booking trends from North America and from Europe. Caribbean pricing pressure continues through the first quarter, but the company expects that to improve thereafter.

Royal Caribbean is optimistic that 2015 will be the sixth consecutive year for yield growth. The company has sufficient visibility into 2015 to say that it is comfortable with the Street consensus of $4.55 per share. That would represent more than a 30% increase over this year's record profitability.

Royal Caribbean Third Quarter 2014 Earnings Call Scheduled

In:
16 Oct 2014

Royal Caribbean will hold a conference call on October 23, 2014 at 10am to discuss its third quarter 2014 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number.

A replay of the webcast will be available at the same site for a month following the call.

Royal Caribbean reports better than expected second quarter 2014 results

In:
24 Jul 2014

Royal Caribbean reported its 2014 second quarter financial results today, and higher European deamand helped second-quarter profit beat estimates and the company raised its outlook for the full year.

Royal Caribbean said it earned $137.7 million, or 62 cents a share, in the quarter, up from $24.7 million, or 11 cents a share, in the same period a year ago.

Royal Caribbean Chief Financial Officer Jason T. Liberty said in a statement, "higher pricing for close-in European sailings propelled us above the top end of our guidance for the quarter.  While the environment in the Caribbean remains promotional, our European itineraries continue to resonate well with strong demand from all markets."

Onboard revenue initiatives continue to deliver positive results with a 3% increase for the quarter. This is the tenth consecutive quarter of onboard revenue growth.

Liberty also commented, "overall business has been solid and our equity investments continue to outperform, allowing us to deliver even better returns to our shareholders."

Royal Caribbean Second Quarter 2014 Earnings Call Scheduled

In:
18 Jul 2014

Royal Caribbean will hold a conference call on July 24, 2014 at 10am to discuss its second quarter 2014 financial results.

The call will be available on-line at the company's investor relations web site, www.rclinvestor.com. To listen to the call by phone, please dial (877) 663-9606 in the US and Canada. International phone calls should be made to (706) 758-4628. There is no passcode or meeting number. A replay of the webcast will be available at the same site for a month following the call.

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