Wall Street brokerages forecast that Royal Caribbean Cruises Ltd (NYSE:RCL) will report earnings of $0.94 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Royal Caribbean Cruises’ earnings, with estimates ranging from $0.83 to $0.97. Royal Caribbean Cruises reported earnings of $0.99 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5.1%. The firm is scheduled to issue its next earnings report on Friday, April 27th.

On average, analysts expect that Royal Caribbean Cruises will report full year earnings of $8.68 per share for the current financial year, with EPS estimates ranging from $8.61 to $8.77. For the next year, analysts forecast that the business will report earnings of $9.93 per share, with EPS estimates ranging from $9.31 to $10.50. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover 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, beating the consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm earned $1.23 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year.

Several analysts have recently commented on the company. ValuEngine cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Deutsche Bank raised their target price on Royal Caribbean Cruises from $114.00 to $118.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Wedbush restated an “outperform” rating and set a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Argus raised their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Finally, SunTrust Banks raised their target price on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $137.67.

Royal Caribbean Cruises (NYSE RCL) traded down $1.20 on Monday, reaching $128.46. The company had a trading volume of 562,212 shares, compared to its average volume of 1,549,119. Royal Caribbean Cruises has a 12-month low of $93.40 and a 12-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 firm has a market cap of $30,495.89, a PE ratio of 17.15, a P/E/G ratio of 0.67 and a beta of 1.11.

In related news, CFO Jason T. Liberty sold 5,892 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $131.19, for a total transaction of $772,971.48. Following the transaction, the chief financial officer now directly owns 43,972 shares in the company, valued at $5,768,686.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $123.76, for a total value of $2,475,200.00. Following the transaction, the chief executive officer now owns 895,416 shares in the company, valued at $110,816,684.16. The disclosure for this sale can be found here. Insiders have sold 73,296 shares of company stock worth $9,266,380 over the last 90 days. Corporate insiders own 15.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in Royal Caribbean Cruises by 105.3% during the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after acquiring an additional 1,732,995 shares during the period. American Century Companies Inc. boosted its holdings in shares of Royal Caribbean Cruises by 73.0% in the 4th quarter. American Century Companies Inc. now owns 2,375,875 shares of the company’s stock worth $283,394,000 after acquiring an additional 1,002,700 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Royal Caribbean Cruises by 34.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,692,957 shares of the company’s stock worth $200,683,000 after acquiring an additional 430,521 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Royal Caribbean Cruises by 71.1% in the 4th quarter. Bank of Montreal Can now owns 1,241,654 shares of the company’s stock worth $148,103,000 after acquiring an additional 515,962 shares in the last quarter. Finally, Rockefeller Financial Services Inc. boosted its holdings in shares of Royal Caribbean Cruises by 15.5% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,183,262 shares of the company’s stock worth $140,264,000 after acquiring an additional 159,204 shares in the last quarter. Hedge funds and other institutional investors own 67.04% 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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Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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