Free Post Earnings Research Report: Royal Caribbean’s Diluted EPS Advanced 10.74%; Revenues Grew 4.97%

Stock Monitor: Las Vegas Sands Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 29, 2018 / Active-Investors.com has just released a free earnings report on Royal Caribbean Cruises Ltd (NYSE: RCL) (“Royal Caribbean”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RCL. Royal Caribbean posted its fourth quarter fiscal 2017 (Q4 FY17) financial results on January 24, 2018. The leading global cruise and vacation operators’ earnings and revenues surpassed market expectations.Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Las Vegas Sands Corp. (NYSE: LVS), which also belongs to the Services sector as the Company Royal Caribbean Cruises. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Royal Caribbean Cruises most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=RCL

Earnings Highlights and Summary

During the fourth quarter of the fiscal year 2017, Royal Caribbean posted total revenues of $2.00 billion compared to $1.91 billion in Q4 FY16, reflecting growth of 4.97%. Sales growth was attributed to the strong performance of the Company’s North American products and Asian itineraries. The Company’s revenue numbers beat analysts’ estimates of $1.98 billion. For full fiscal year 2017, the Company’s revenue was $8.78 billion, increasing 3.31% compared to $8.50 billion in the previous fiscal year.

The Company’s total cruise operating expenses amounted to $1.15 billion in the reported quarter compared to $1.12 billion in the year ago corresponding period, increasing 1.20% on a y-o-y basis. Royal Caribbean’s operating income was $307.35 million in Q4 FY17 compared to $296.84 million in Q4 FY16, increasing 3.54% on a y-o-y basis. The Company’s net yields were $172.49 million for the reported quarter compared to $163.46 million in Q4 FY16, increasing 3.93%. Net Cruise cost per APCD (Available Passenger Cruise Days) was $113.49 in Q4 FY17 compared to $106.33 in Q4 FY16, increasing 6.23%. For full fiscal year 2017, operating income was $1.74 billion compared to $1.48 billion in the previous year, increasing 18.06%.

Royal Caribbean’s net income was $288.04 million in the reported quarter compared to net income of $261.09 million in Q4 FY17, increasing 10.32% on a y-o-y basis. The Company’s earnings per share (EPS) were $1.34 in Q4 FY17 compared to $1.21 in the fourth quarter of the previous fiscal year, increasing 10.74% for the year ago same period. The Company’s adjusted earnings were $1.34 per share in the reported quarter compared to $1.23 per share in Q4 FY16, reflecting a growth of 8.94% on a y-o-y basis. Adjusted earnings numbers beat analysts’ estimates of $1.20. For full fiscal year 2017, net income was $1.63 billion compared to $1.28 billion in 2016, advancing 26.63% for the period same ago. And adjusted EPS was $7.53 in 2017 compared to $6.08 in 2016, increasing 23.85% on a y-o-y basis. This result was achieved despite an unusually ferocious hurricane season which hurt earnings by approximately $55.00 million, or $0.26 per share.

Royal Caribbean Cruises’ Segment Details

Royal Caribbean has two business segments, namely: (i) Passenger Ticket, and (ii) Onboard and Other.

The Passenger Ticket segment reported net sales of $1.42 billion in Q4 FY17 compared to $1.35 billion in Q4 FY16, reflecting growth of 4.85% compared to the year ago same period.

The Onboard and Other segment posted net sales of $0.58 billion in Q4 FY17 compared to $0.55 billion in Q4 FY16, increasing 5.25% on a y-o-y basis.

Cash Matters

As on December 31, 2017, Royal Caribbean had cash and cash equivalents of $120.11 million compared to $132.60 million as on December 31, 2016. The Company’s cash inflow from operating activities was $2.87 billion in the reported quarter compared to $2.52 billion in Q4 FY16. The Company declared a Thank-You bonus to all its employees equal to 5.00% of their salary.

Outlook

For the first quarter of fiscal year 2018, the Company is expecting its net yields to increase 3.00% to 3.50%. For the fiscal year 2018, Royal Caribbean is anticipating its net yields to increase 1.50% to 3.50%. Adjusted EPS of the Company for FY18 is expected to be in the band of $8.55 to $8.75.

Stock Performance Snapshot

January 26, 2018 – At Friday’s closing bell, Royal Caribbean Cruises’ stock advanced 2.31%, ending the trading session at $134.98.

Volume traded for the day: 1.54 million shares, which was above the 3-month average volume of 1.50 million shares.

Stock performance in the last month – up 12.31%; previous three-month period – up 11.30%; past twelve-month period – up 41.13%; and year-to-date – up 13.16%

After last Friday’s close, Royal Caribbean Cruises’ market cap was at $28.98 billion.

Price to Earnings (P/E) ratio was at 18.03.

The stock has a dividend yield of 1.78%.

The stock is part of the Services sector, categorized under the Resorts & Casinos industry. This sector was up 1.2% at the end of the session.

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