Equities research analysts expect that Royal Caribbean Cruises (NYSE:RCL) will announce earnings of $1.88 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Royal Caribbean Cruises’ earnings. The lowest EPS estimate is $1.85 and the highest is $1.93. Royal Caribbean Cruises posted earnings per share of $1.71 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.9%. The business is expected to issue its next earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Royal Caribbean Cruises will report full-year earnings of $8.86 per share for the current financial year, with EPS estimates ranging from $8.70 to $9.02. For the next year, analysts anticipate that the company will report earnings of $10.13 per share, with EPS estimates ranging from $9.81 to $10.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 26th. The company reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.04 billion. Royal Caribbean Cruises had a return on equity of 15.85% and a net margin of 18.52%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.99 EPS.
In other Royal Caribbean Cruises news, CFO Jason T. Liberty sold 10,844 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $132.04, for a total transaction of $1,431,841.76. Following the completion of the transaction, the chief financial officer now owns 44,089 shares in the company, valued at $5,821,511.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 13th. The shares were sold at an average price of $114.84, for a total value of $2,296,800.00. Following the transaction, the chief executive officer now owns 885,037 shares of the company’s stock, valued at approximately $101,637,649.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,904 shares of company stock valued at $8,759,535. 15.26% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Royal Caribbean Cruises by 28.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 25,532 shares of the company’s stock valued at $3,047,000 after buying an additional 5,660 shares during the last quarter. Jefferies Group LLC grew its holdings in Royal Caribbean Cruises by 104.3% during the fourth quarter. Jefferies Group LLC now owns 105,287 shares of the company’s stock valued at $12,559,000 after purchasing an additional 53,763 shares during the period. Schroder Investment Management Group grew its holdings in Royal Caribbean Cruises by 39.5% during the fourth quarter. Schroder Investment Management Group now owns 84,602 shares of the company’s stock valued at $10,091,000 after purchasing an additional 23,956 shares during the period. Affinity Investment Advisors LLC grew its holdings in Royal Caribbean Cruises by 469.1% during the fourth quarter. Affinity Investment Advisors LLC now owns 104,765 shares of the company’s stock valued at $12,496,000 after purchasing an additional 86,355 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in Royal Caribbean Cruises by 3.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 193,937 shares of the company’s stock valued at $23,133,000 after purchasing an additional 5,759 shares during the period. Institutional investors and hedge funds own 75.53% of the company’s stock.
Shares of RCL stock traded down $0.39 during trading hours on Friday, reaching $106.96. The company’s stock had a trading volume of 1,784,083 shares, compared to its average volume of 1,662,746. The firm has a market cap of $22.87 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.77 and a beta of 1.23. Royal Caribbean Cruises has a one year low of $103.76 and a one year high of $135.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.20.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Monday, June 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, June 1st. Royal Caribbean Cruises’s payout ratio is presently 31.87%.
Royal Caribbean Cruises declared that its board has approved a share buyback plan on Wednesday, May 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 4.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.
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