RCL – Market expectations are for record-high Uniform ROA, and management is optimistic about their EPS targets and improving shareholder returns

• Royal Caribbean Cruises Ltd. (RCL:USA) currently trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 20.3x Uniform P/E. At these levels, markets are pricing in fairly bullish expectations for the firm, while management is optimistic about their EPS targets and improving shareholder returns
• Specifically, management generated an excitement marker when talking about their commitment to continuously improving returns for their shareholders. Additionally, they are confident in their ability to achieve their adjusted EPS guidance for Q4 2017, and in their ability to deliver double-digit EPS by the end of 2020