Analysts Anticipate Royal Caribbean Cruises Ltd (RCL) Will Announce Earnings of $2.49 Per Share

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Equities analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to report earnings per share (EPS) of $2.49 for the current quarter, Zacks reports. Seven analysts have made estimates for Royal Caribbean Cruises’ earnings. The lowest EPS estimate is $2.47 and the highest is $2.52. Royal Caribbean Cruises reported earnings of $2.27 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 1st.

On average, analysts expect that Royal Caribbean Cruises will report full-year earnings of $9.86 per share for the current fiscal year, with EPS estimates ranging from $9.79 to $9.98. For the next fiscal year, analysts forecast that the company will report earnings of $10.92 per share, with EPS estimates ranging from $10.50 to $11.15. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.20. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis.

Several analysts recently weighed in on RCL shares. Wedbush reiterated an “underweight” rating and issued a $145.00 price objective (up from $140.00) on shares of Royal Caribbean Cruises in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Wells Fargo & Co lifted their price objective on shares of Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Buckingham Research lifted their price objective on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank reiterated a “buy” rating and issued a $140.00 price objective on shares of Royal Caribbean Cruises in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $144.57.

Shares of Royal Caribbean Cruises stock traded down $0.84 during trading hours on Friday, reaching $124.88. The company’s stock had a trading volume of 752,934 shares, compared to its average volume of 1,522,152. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.14 and a current ratio of 0.16. Royal Caribbean Cruises has a one year low of $89.48 and a one year high of $133.60. The company has a market cap of $26.14 billion, a P/E ratio of 14.09, a PEG ratio of 1.10 and a beta of 1.51.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.80 annualized dividend and a yield of 2.24%. Royal Caribbean Cruises’s payout ratio is 31.60%.

In other Royal Caribbean Cruises news, SVP Henry L. Pujol sold 4,134 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total transaction of $529,978.80. Following the transaction, the senior vice president now owns 45,342 shares of the company’s stock, valued at approximately $5,812,844.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maritza Gomez Montiel sold 510 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $118.77, for a total transaction of $60,572.70. Following the transaction, the director now directly owns 5,781 shares in the company, valued at approximately $686,609.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,440 shares of company stock worth $4,933,191. 13.07% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in RCL. Teachers Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 40.0% in the 3rd quarter. Teachers Advisors LLC now owns 570,426 shares of the company’s stock worth $74,121,000 after purchasing an additional 163,098 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Royal Caribbean Cruises by 87.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 686,912 shares of the company’s stock worth $89,257,000 after purchasing an additional 320,027 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $8,132,000. Legal & General Group Plc grew its stake in shares of Royal Caribbean Cruises by 4.4% in the 3rd quarter. Legal & General Group Plc now owns 796,881 shares of the company’s stock worth $103,553,000 after purchasing an additional 33,497 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 17,531,729 shares of the company’s stock worth $2,278,073,000 after purchasing an additional 80,826 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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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Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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