$1.41 EPS Expected for Royal Caribbean Cruises Ltd (NYSE:RCL) This Quarter

Equities research analysts expect that Royal Caribbean Cruises Ltd (NYSE:RCL) will report earnings per share of $1.41 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Royal Caribbean Cruises’ earnings. The highest EPS estimate is $1.43 and the lowest is $1.40. Royal Caribbean Cruises reported earnings of $1.53 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 29th.

According to Zacks, analysts expect that Royal Caribbean Cruises will report full year earnings of $9.53 per share for the current year, with EPS estimates ranging from $9.52 to $9.56. For the next financial year, analysts forecast that the company will report earnings of $10.64 per share, with EPS estimates ranging from $10.31 to $10.93. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Wednesday, October 30th. The company reported $4.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.31 by ($0.04). The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.22 billion. Royal Caribbean Cruises had a return on equity of 17.67% and a net margin of 17.85%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.98 earnings per share.

A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Wells Fargo & Co boosted their target price on Royal Caribbean Cruises from $155.00 to $158.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Macquarie raised Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $126.00 to $132.00 in a research note on Friday, October 18th. Zacks Investment Research upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating and set a $113.00 price target on the stock in a report on Monday, October 14th. Finally, Nomura reissued a “buy” rating and issued a $150.00 price objective on shares of Royal Caribbean Cruises in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $144.33.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $113.13, for a total transaction of $2,262,600.00. Following the completion of the transaction, the chief executive officer now owns 826,351 shares in the company, valued at approximately $93,485,088.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lawrence R. Pimentel sold 10,928 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $120.00, for a total value of $1,311,360.00. Following the sale, the chief executive officer now directly owns 58,335 shares of the company’s stock, valued at $7,000,200. The disclosure for this sale can be found here. Insiders have sold 70,928 shares of company stock valued at $8,084,960 over the last quarter. Corporate insiders own 13.07% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. raised its position in Royal Caribbean Cruises by 691.6% in the 3rd quarter. Nomura Holdings Inc. now owns 449,606 shares of the company’s stock valued at $47,171,000 after buying an additional 392,806 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Royal Caribbean Cruises by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,015,998 shares of the company’s stock valued at $110,063,000 after buying an additional 22,368 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Royal Caribbean Cruises by 81.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 435,598 shares of the company’s stock worth $47,188,000 after buying an additional 194,891 shares in the last quarter. Thor Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $773,000. Finally, California State Teachers Retirement System lifted its position in shares of Royal Caribbean Cruises by 0.4% during the 3rd quarter. California State Teachers Retirement System now owns 284,564 shares of the company’s stock worth $30,827,000 after buying an additional 1,044 shares in the last quarter. Institutional investors own 72.95% of the company’s stock.

Shares of NYSE RCL traded up $0.65 during trading on Monday, hitting $125.64. 2,482,637 shares of the company traded hands, compared to its average volume of 1,674,389. The business’s fifty day moving average is $117.00 and its 200 day moving average is $113.31. Royal Caribbean Cruises has a fifty-two week low of $89.48 and a fifty-two week high of $131.04. The firm has a market capitalization of $25.84 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.32 and a beta of 1.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.15 and a current ratio of 0.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 20th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, December 19th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 35.21%.

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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