Brokerages expect Royal Caribbean Cruises Ltd (NYSE:RCL) to announce earnings of $4.35 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Royal Caribbean Cruises’ earnings, with the lowest EPS estimate coming in at $4.24 and the highest estimate coming in at $4.41. Royal Caribbean Cruises reported earnings of $3.98 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Royal Caribbean Cruises will report full year earnings of $9.68 per share for the current year, with EPS estimates ranging from $9.47 to $9.85. For the next fiscal year, analysts expect that the firm will post earnings of $10.76 per share, with EPS estimates ranging from $10.38 to $11.01. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.09. Royal Caribbean Cruises had a return on equity of 17.50% and a net margin of 17.82%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the firm earned $2.27 EPS. The business’s revenue was up 20.1% on a year-over-year basis.

RCL has been the subject of several recent analyst reports. Stifel Nicolaus set a $129.00 price target on Columbia Sportswear and gave the company a “buy” rating in a report on Friday. Zacks Investment Research raised GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Buckingham Research raised their price target on Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Wedbush reissued a “buy” rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Finally, Deutsche Bank set a $128.00 price target on United Rentals and gave the stock a “hold” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Hold” and a consensus target price of $142.50.

In related news, SVP Henry L. Pujol sold 4,134 shares of Royal Caribbean Cruises stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $128.20, for a total value of $529,978.80. Following the transaction, the senior vice president now owns 45,342 shares in the company, valued at $5,812,844.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $110.22, for a total value of $2,204,400.00. Following the completion of the transaction, the chief executive officer now owns 910,639 shares in the company, valued at approximately $100,370,630.58. The disclosure for this sale can be found here. Insiders sold 26,834 shares of company stock worth $3,075,902 in the last quarter. 13.07% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. lifted its stake in shares of Royal Caribbean Cruises by 3.8% during the first quarter. Cornerstone Advisors Inc. now owns 2,294 shares of the company’s stock worth $263,000 after purchasing an additional 84 shares in the last quarter. Intrust Bank NA increased its position in shares of Royal Caribbean Cruises by 3.4% during the first quarter. Intrust Bank NA now owns 2,754 shares of the company’s stock worth $315,000 after acquiring an additional 91 shares during the last quarter. BancorpSouth Bank increased its position in shares of Royal Caribbean Cruises by 2.6% during the second quarter. BancorpSouth Bank now owns 3,860 shares of the company’s stock worth $468,000 after acquiring an additional 96 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Royal Caribbean Cruises by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the company’s stock worth $1,043,000 after acquiring an additional 100 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Royal Caribbean Cruises by 0.5% during the first quarter. Commonwealth Bank of Australia now owns 21,279 shares of the company’s stock worth $2,434,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.56% of the company’s stock.

Royal Caribbean Cruises stock traded up $0.40 during mid-day trading on Thursday, reaching $115.99. 1,581,338 shares of the company were exchanged, compared to its average volume of 1,623,249. Royal Caribbean Cruises has a twelve month low of $89.48 and a twelve month high of $133.60. The stock has a 50-day moving average price of $116.25. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.03 and a beta of 1.32.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 4th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 3rd. Royal Caribbean Cruises’s payout ratio is currently 31.60%.

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.

Further Reading: Gross Domestic Product (GDP)

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

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