$4.36 EPS Expected for Royal Caribbean Cruises Ltd (NYSE:RCL) This Quarter

Analysts predict that Royal Caribbean Cruises Ltd (NYSE:RCL) will post earnings of $4.36 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Royal Caribbean Cruises’ earnings. The highest EPS estimate is $4.41 and the lowest is $4.31. Royal Caribbean Cruises reported earnings per share of $3.98 during the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The company is expected to issue its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Royal Caribbean Cruises will report full-year earnings of $9.67 per share for the current year, with EPS estimates ranging from $9.64 to $9.80. For the next financial year, analysts expect that the company will post earnings of $10.79 per share, with EPS estimates ranging from $10.38 to $11.01. Zacks Investment Research’s 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 Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.09. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.79 billion. Royal Caribbean Cruises had a net margin of 17.82% and a return on equity of 17.39%. Royal Caribbean Cruises’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 earnings per share.

A number of equities analysts have weighed in on RCL shares. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $150.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Nomura reduced their price objective on shares of Royal Caribbean Cruises from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $138.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Deutsche Bank reduced their price objective on shares of Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $142.50.

NYSE:RCL traded down $2.29 during trading hours on Thursday, reaching $114.05. 2,427,198 shares of the company were exchanged, compared to its average volume of 1,635,112. The company has a current ratio of 0.17, a quick ratio of 0.14 and a debt-to-equity ratio of 0.83. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.32. Royal Caribbean Cruises has a 52-week low of $89.48 and a 52-week high of $133.60. The company’s 50 day moving average is $115.80.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, June 3rd. Royal Caribbean Cruises’s payout ratio is 31.60%.

In related news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the transaction, the chief executive officer now owns 910,639 shares of the company’s stock, valued at $100,370,630.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.07% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Front Row Advisors LLC increased its holdings in Royal Caribbean Cruises by 475.0% in the 1st quarter. Front Row Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after buying an additional 190 shares during the period. Rational Advisors LLC increased its holdings in Royal Caribbean Cruises by 1,060.0% in the 1st quarter. Rational Advisors LLC now owns 232 shares of the company’s stock valued at $27,000 after buying an additional 212 shares during the period. Central Bank & Trust Co. bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust increased its holdings in Royal Caribbean Cruises by 92.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 346 shares of the company’s stock valued at $40,000 after buying an additional 166 shares during the period. Finally, First Manhattan Co. bought a new stake in Royal Caribbean Cruises in the 1st quarter valued at $40,000. 72.56% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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