Equities research analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to post earnings of $1.11 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Royal Caribbean Cruises’ earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.08. Royal Caribbean Cruises reported earnings per share of $1.09 in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The company is scheduled to report its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Royal Caribbean Cruises will report full-year earnings of $9.97 per share for the current fiscal year, with EPS estimates ranging from $9.85 to $10.16. For the next year, analysts anticipate that the company will report earnings of $11.04 per share, with EPS estimates ranging from $10.50 to $11.24. Zacks’ EPS averages are an average based on a survey of research analysts that follow Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $7.53 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis.
In other news, SVP Bradley H. Stein sold 5,909 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total transaction of $704,766.43. Following the completion of the sale, the senior vice president now owns 19,874 shares of the company’s stock, valued at $2,370,371.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael W. Bayley sold 20,084 shares of Royal Caribbean Cruises stock in a transaction on Friday, February 15th. The stock was sold at an average price of $117.72, for a total value of $2,364,288.48. Following the sale, the chief executive officer now directly owns 62,018 shares of the company’s stock, valued at approximately $7,300,758.96. The disclosure for this sale can be found here. Insiders have sold 69,447 shares of company stock valued at $8,271,277 in the last three months. Insiders own 15.26% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $163,502,000. Point72 Asset Management L.P. increased its position in shares of Royal Caribbean Cruises by 317.2% in the third quarter. Point72 Asset Management L.P. now owns 1,061,455 shares of the company’s stock worth $137,925,000 after purchasing an additional 807,055 shares during the period. Altshuler Shaham Ltd increased its position in shares of Royal Caribbean Cruises by 857.4% in the fourth quarter. Altshuler Shaham Ltd now owns 746,123 shares of the company’s stock worth $72,892,000 after purchasing an additional 668,190 shares during the period. Impala Asset Management LLC increased its position in shares of Royal Caribbean Cruises by 1,081.1% in the third quarter. Impala Asset Management LLC now owns 455,747 shares of the company’s stock worth $59,220,000 after purchasing an additional 417,160 shares during the period. Finally, Levin Capital Strategies L.P. increased its position in shares of Royal Caribbean Cruises by 24,167.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 382,944 shares of the company’s stock worth $37,448,000 after purchasing an additional 381,366 shares during the period. 71.20% of the stock is owned by institutional investors.
Royal Caribbean Cruises stock traded up $0.99 during mid-day trading on Monday, hitting $115.61. 1,633,200 shares of the company’s stock traded hands, compared to its average volume of 1,560,015. Royal Caribbean Cruises has a fifty-two week low of $89.48 and a fifty-two week high of $133.60. The company has a market capitalization of $23.98 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.82 and a beta of 1.52. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.17 and a quick ratio of 0.15.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is currently 31.60%.
Royal Caribbean Cruises Company Profile
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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