Wall Street analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to post sales of $2.05 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Royal Caribbean Cruises’ earnings, with the lowest sales estimate coming in at $2.04 billion and the highest estimate coming in at $2.06 billion. Royal Caribbean Cruises reported sales of $2.01 billion during the same quarter last year, which indicates a positive year over year growth rate of 2%. The firm is scheduled to announce its next earnings results on Friday, April 27th.
On average, analysts expect that Royal Caribbean Cruises will report full year sales of $2.05 billion for the current year, with estimates ranging from $9.38 billion to $9.51 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $10.31 billion per share, with estimates ranging from $10.17 billion to $10.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.14. The business had revenue of $2 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS.
A number of analysts have commented on RCL shares. ValuEngine lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price target on Royal Caribbean Cruises from $139.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Bank of America raised their price target on Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, Deutsche Bank raised their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus price target of $137.67.
Royal Caribbean Cruises (RCL) traded down $1.53 during trading on Friday, hitting $128.86. The company’s stock had a trading volume of 1,260,000 shares, compared to its average volume of 1,640,000. The company has a market cap of $27,540.00, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. Royal Caribbean Cruises has a twelve month low of $93.40 and a twelve month high of $135.65. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Wednesday, March 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $2.40 annualized dividend and a yield of 1.86%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 31.87%.
In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total transaction of $2,562,000.00. Following the transaction, the chief executive officer now directly owns 807,741 shares in the company, valued at $103,471,622.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of Royal Caribbean Cruises stock in a transaction on Monday, January 29th. The shares were sold at an average price of $134.55, for a total value of $996,208.20. Following the transaction, the chief executive officer now owns 33,979 shares in the company, valued at $4,571,874.45. The disclosure for this sale can be found here. Insiders have sold 120,799 shares of company stock worth $15,490,296 over the last quarter. 15.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in Royal Caribbean Cruises by 148.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock valued at $12,836,000 after purchasing an additional 64,663 shares in the last quarter. Stifel Financial Corp lifted its position in Royal Caribbean Cruises by 10.1% during the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after purchasing an additional 8,960 shares in the last quarter. Invictus RG raised its holdings in Royal Caribbean Cruises by 167.5% during the third quarter. Invictus RG now owns 2,539 shares of the company’s stock valued at $301,000 after acquiring an additional 1,590 shares during the period. Jaffetilchin Investment Partners LLC raised its holdings in Royal Caribbean Cruises by 16.1% during the third quarter. Jaffetilchin Investment Partners LLC now owns 9,962 shares of the company’s stock valued at $1,181,000 after acquiring an additional 1,379 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Royal Caribbean Cruises by 12.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,993 shares of the company’s stock valued at $1,659,000 after acquiring an additional 1,530 shares during the period. Institutional investors own 66.05% of the company’s stock.
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About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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