Wall Street analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to announce $1.50 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Royal Caribbean Cruises’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.48. Royal Caribbean Cruises reported earnings per share of $1.34 during the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The company is expected to issue its next quarterly earnings report on Wednesday, January 23rd.
According to Zacks, analysts expect that Royal Caribbean Cruises will report full year earnings of $8.83 per share for the current fiscal year, with EPS estimates ranging from $8.80 to $8.85. For the next financial year, analysts expect that the company will post earnings of $9.85 per share, with EPS estimates ranging from $9.65 to $10.16. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.82 billion.
RCL has been the subject of several recent research reports. Stifel Nicolaus lowered their target price on shares of Royal Caribbean Cruises from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, July 24th. Deutsche Bank set a $138.00 target price on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a research note on Friday, October 26th. Nomura lowered their target price on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, August 8th. Finally, Citigroup lowered their target price on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and an average target price of $139.62.
RCL stock traded down $3.28 during trading on Wednesday, hitting $106.71. 29,819 shares of the company’s stock traded hands, compared to its average volume of 2,343,294. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises has a 52 week low of $97.48 and a 52 week high of $135.65. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.90 and a beta of 1.34.
In other news, EVP Harri U. Kulovaara sold 6,600 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the transaction, the executive vice president now owns 26,165 shares in the company, valued at $3,285,015.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.26% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Smithfield Trust Co. grew its position in shares of Royal Caribbean Cruises by 235.3% during the third quarter. Smithfield Trust Co. now owns 1,073 shares of the company’s stock worth $140,000 after acquiring an additional 753 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $145,000. Squar Milner Financial Services LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $164,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Royal Caribbean Cruises by 488.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock worth $185,000 after acquiring an additional 1,484 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new stake in Royal Caribbean Cruises in the third quarter worth about $201,000. Institutional investors and hedge funds own 71.50% of the company’s stock.
About Royal Caribbean Cruises
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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