$0.96 Earnings Per Share Expected for Royal Caribbean Cruises (RCL) This Quarter

Wall Street brokerages predict that Royal Caribbean Cruises (NYSE:RCL) will post earnings of $0.96 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Royal Caribbean Cruises’ earnings, with the highest EPS estimate coming in at $0.97 and the lowest estimate coming in at $0.95. Royal Caribbean Cruises posted earnings of $0.99 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3%. The firm is scheduled to issue its next earnings results on Friday, April 27th.

On average, analysts expect that Royal Caribbean Cruises will report full-year earnings of $8.72 per share for the current financial year, with EPS estimates ranging from $8.62 to $8.85. For the next financial year, analysts expect that the firm will post earnings of $9.98 per share, with EPS estimates ranging from $9.60 to $10.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.14. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share.

Several research analysts have recently commented on RCL shares. ValuEngine downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. SunTrust Banks lifted their price objective on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a report on Wednesday, January 17th. Finally, Wedbush restated an “outperform” rating and set a $145.00 price target (up previously from $139.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $136.80.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $114.84, for a total transaction of $2,296,800.00. Following the transaction, the chief executive officer now owns 885,037 shares in the company, valued at approximately $101,637,649.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason T. Liberty sold 5,892 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $131.19, for a total value of $772,971.48. Following the transaction, the chief financial officer now owns 43,972 shares in the company, valued at approximately $5,768,686.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,799 shares of company stock worth $15,291,696. 15.30% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. IFG Advisory LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $641,000. Squar Milner Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $207,000. NuWave Investment Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $185,000. Checchi Capital Advisers LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $207,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $258,000. Hedge funds and other institutional investors own 74.48% of the company’s stock.

Shares of RCL traded up $1.11 during trading hours on Friday, hitting $119.09. The company had a trading volume of 2,331,010 shares, compared to its average volume of 1,261,638. The company has a market cap of $25,218.11, a P/E ratio of 15.82, a P/E/G ratio of 0.64 and a beta of 1.23. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59. Royal Caribbean Cruises has a 52-week low of $96.90 and a 52-week high of $135.65.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Wednesday, March 7th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $2.40 dividend on an annualized basis and a yield of 2.02%. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.

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

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