Brokerages expect that Royal Caribbean Cruises Ltd (NYSE:RCL) will post sales of $2.48 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Royal Caribbean Cruises’ earnings. The highest sales estimate is $2.53 billion and the lowest is $2.40 billion. Royal Caribbean Cruises reported sales of $2.44 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The company is expected to announce its next earnings results on Wednesday, May 6th.

On average, analysts expect that Royal Caribbean Cruises will report full-year sales of $11.76 billion for the current financial year, with estimates ranging from $11.65 billion to $11.86 billion. For the next year, analysts forecast that the business will report sales of $12.96 billion, with estimates ranging from $12.67 billion to $13.21 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.01. Royal Caribbean Cruises had a net margin of 17.16% and a return on equity of 17.06%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm earned $1.53 EPS. Royal Caribbean Cruises’s quarterly revenue was up 7.9% compared to the same quarter last year.

Several research analysts recently weighed in on RCL shares. Cfra reissued a “sell” rating and set a $100.00 price objective (down previously from $135.00) on shares of Royal Caribbean Cruises in a research note on Monday, February 10th. Berenberg Bank lowered shares of Royal Caribbean Cruises to a “hold” rating and set a $127.00 price objective on the stock. in a research note on Wednesday. Argus downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, SunTrust Banks dropped their target price on shares of Royal Caribbean Cruises from $157.00 to $156.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $141.15.

In other news, CEO Lawrence R. Pimentel sold 10,928 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at $7,000,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $119.69, for a total transaction of $2,393,800.00. Following the completion of the sale, the chief executive officer now owns 773,137 shares in the company, valued at $92,536,767.53. The disclosure for this sale can be found here. Insiders have sold a total of 70,928 shares of company stock worth $8,737,560 over the last 90 days. Corporate insiders own 13.07% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 10.8% in the third quarter. Parallel Advisors LLC now owns 930 shares of the company’s stock valued at $101,000 after purchasing an additional 91 shares during the last quarter. FTB Advisors Inc. grew its stake in shares of Royal Caribbean Cruises by 33.5% in the third quarter. FTB Advisors Inc. now owns 367 shares of the company’s stock valued at $39,000 after buying an additional 92 shares in the last quarter. NewFocus Financial Group LLC grew its stake in shares of Royal Caribbean Cruises by 1.1% in the fourth quarter. NewFocus Financial Group LLC now owns 8,719 shares of the company’s stock valued at $1,164,000 after buying an additional 94 shares in the last quarter. Squar Milner Financial Services LLC grew its stake in shares of Royal Caribbean Cruises by 8.5% in the third quarter. Squar Milner Financial Services LLC now owns 1,210 shares of the company’s stock valued at $131,000 after buying an additional 95 shares in the last quarter. Finally, Lucia Wealth Services LLC grew its stake in shares of Royal Caribbean Cruises by 1.3% in the fourth quarter. Lucia Wealth Services LLC now owns 7,403 shares of the company’s stock valued at $988,000 after buying an additional 96 shares in the last quarter. Institutional investors own 71.66% of the company’s stock.

Royal Caribbean Cruises stock traded down $1.21 during midday trading on Monday, hitting $109.80. 2,867,887 shares of the stock were exchanged, compared to its average volume of 2,342,393. The company has a fifty day simple moving average of $124.00 and a two-hundred day simple moving average of $116.17. Royal Caribbean Cruises has a 52 week low of $100.47 and a 52 week high of $135.32. The stock has a market capitalization of $23.35 billion, a PE ratio of 12.28, a P/E/G ratio of 1.24 and a beta of 1.45. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.84%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 32.70%.

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.

Featured Story: How can investors find ex-dividend dates?

Get a free copy of the Zacks research report on Royal Caribbean Cruises (RCL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.