Zacks: Brokerages Expect Royal Caribbean Cruises Ltd (NYSE:RCL) Will Post Earnings of $4.31 Per Share

Equities research analysts forecast that Royal Caribbean Cruises Ltd (NYSE:RCL) will announce $4.31 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Royal Caribbean Cruises’ earnings. The lowest EPS estimate is $4.23 and the highest is $4.37. Royal Caribbean Cruises reported earnings per share of $3.98 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, October 30th.

On average, analysts expect that Royal Caribbean Cruises will report full year earnings of $9.63 per share for the current fiscal year, with EPS estimates ranging from $9.50 to $9.80. For the next year, analysts anticipate that the company will post earnings of $10.77 per share, with EPS estimates ranging from $10.31 to $11.01. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.09. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.79 billion. Royal Caribbean Cruises had a return on equity of 17.39% and a net margin of 17.82%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share.

A number of equities analysts recently commented on RCL shares. Deutsche Bank decreased their target price on Royal Caribbean Cruises from $145.00 to $139.00 and set a “buy” rating for the company in a report on Friday, July 19th. Wells Fargo & Co upped their target price on Royal Caribbean Cruises from $155.00 to $158.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Nomura restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Thursday, October 10th. Macquarie upgraded Royal Caribbean Cruises from a “neutral” rating to an “outperform” rating and upped their target price for the company from $126.00 to $132.00 in a report on Friday, October 18th. Finally, Argus downgraded Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus target price of $145.10.

In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $105.66, for a total value of $2,113,200.00. Following the sale, the chief executive officer now directly owns 865,651 shares of the company’s stock, valued at $91,464,684.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $108.25, for a total value of $1,138,573.50. Following the completion of the sale, the chief executive officer now directly owns 55,909 shares in the company, valued at $6,052,149.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,518 shares of company stock worth $7,520,974. 13.07% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Strategic Investment Advisors MI grew its stake in Royal Caribbean Cruises by 16.0% in the third quarter. Strategic Investment Advisors MI now owns 2,192 shares of the company’s stock worth $237,000 after purchasing an additional 302 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Royal Caribbean Cruises by 138.3% in the third quarter. Quadrant Capital Group LLC now owns 1,432 shares of the company’s stock worth $152,000 after acquiring an additional 831 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of Royal Caribbean Cruises by 44.7% in the third quarter. Foster & Motley Inc. now owns 10,917 shares of the company’s stock worth $1,183,000 after acquiring an additional 3,371 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Royal Caribbean Cruises by 6.6% in the third quarter. Rhumbline Advisers now owns 328,891 shares of the company’s stock worth $35,629,000 after acquiring an additional 20,237 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth $14,560,000. 72.65% of the stock is currently owned by institutional investors.

Shares of Royal Caribbean Cruises stock traded up $2.25 during midday trading on Thursday, reaching $111.37. 944,100 shares of the company’s stock traded hands, compared to its average volume of 1,400,366. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.15 and a current ratio of 0.17. The company has a market cap of $22.87 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.40. The stock has a 50 day moving average of $108.85 and a 200-day moving average of $114.75. Royal Caribbean Cruises has a 12 month low of $89.48 and a 12 month high of $131.04.

The company also recently declared a 0.70000 dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 2.8%. Royal Caribbean Cruises’s payout ratio is 35.21%.

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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