Equities research analysts expect that Royal Caribbean Cruises Ltd (NYSE:RCL) will post $2.38 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Royal Caribbean Cruises’ earnings, with the lowest sales estimate coming in at $2.35 billion and the highest estimate coming in at $2.40 billion. Royal Caribbean Cruises reported sales of $2.03 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 17.2%. The business is scheduled to announce its next earnings report on Thursday, April 25th.

On average, analysts expect that Royal Caribbean Cruises will report full-year sales of $11.01 billion for the current financial year, with estimates ranging from $10.90 billion to $11.10 billion. For the next financial year, analysts anticipate that the company will post sales of $11.80 billion, with estimates ranging from $11.60 billion to $11.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Wednesday, January 30th. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.02. Royal Caribbean Cruises had a return on equity of 17.08% and a net margin of 19.08%. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the previous year, the business posted $7.53 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year.

Several research analysts have commented on the stock. ValuEngine cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a report on Monday, February 4th. Tigress Financial reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, December 7th. Wolfe Research set a $151.00 price objective on shares of Royal Caribbean Cruises and gave the company a “buy” rating in a report on Tuesday, December 11th. Finally, Wells Fargo & Co increased their price objective on shares of Royal Caribbean Cruises from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $140.92.

In other news, SVP Bradley H. Stein sold 5,909 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the transaction, the senior vice president now owns 19,874 shares of the company’s stock, valued at $2,370,371.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason T. Liberty sold 13,000 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $121.79, for a total value of $1,583,270.00. Following the completion of the transaction, the chief financial officer now directly owns 48,811 shares in the company, valued at approximately $5,944,691.69. The disclosure for this sale can be found here. In the last three months, insiders sold 69,447 shares of company stock worth $8,271,277. 15.26% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Ipswich Investment Management Co. Inc. bought a new position in shares of Royal Caribbean Cruises in the 4th quarter worth $123,000. Nisa Investment Advisors LLC grew its stake in Royal Caribbean Cruises by 6.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 74,415 shares of the company’s stock worth $7,277,000 after buying an additional 4,495 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in Royal Caribbean Cruises by 13,523.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 30,925 shares of the company’s stock worth $238,000 after buying an additional 30,698 shares during the last quarter. Vanguard Group Inc. grew its stake in Royal Caribbean Cruises by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 17,531,729 shares of the company’s stock worth $2,278,073,000 after buying an additional 80,826 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its stake in Royal Caribbean Cruises by 19.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,880 shares of the company’s stock worth $1,064,000 after buying an additional 1,745 shares during the last quarter. 70.53% of the stock is owned by hedge funds and other institutional investors.

RCL traded up $1.18 on Tuesday, hitting $117.63. 18,593 shares of the company’s stock were exchanged, compared to its average volume of 1,578,100. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 0.84 and a beta of 1.53. Royal Caribbean Cruises has a twelve month low of $89.48 and a twelve month high of $133.60. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 0.75.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, March 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio is 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.

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

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