Analysts forecast that Royal Caribbean Cruises Ltd. (NYSE:RCL) will post earnings per share of $3.44 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Royal Caribbean Cruises’ earnings, with estimates ranging from $3.30 to $3.49. Royal Caribbean Cruises reported earnings of $3.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The firm is expected to report its next earnings report on Friday, October 27th.

According to Zacks, analysts expect that Royal Caribbean Cruises will report full year earnings of $7.44 per share for the current financial year, with EPS estimates ranging from $7.40 to $7.49. For the next financial year, analysts forecast that the business will post earnings of $8.40 per share, with EPS estimates ranging from $8.15 to $8.72. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS.

RCL has been the subject of several research reports. Wedbush increased their price objective on shares of Royal Caribbean Cruises from $106.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Royal Caribbean Cruises from $90.00 to $94.00 and gave the stock a “sell” rating in a research report on Monday, May 1st. Deutsche Bank AG lowered their price objective on shares of Royal Caribbean Cruises from $102.00 to $91.00 and set a “hold” rating for the company in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $119.50 price objective (up previously from $117.50) on shares of Royal Caribbean Cruises in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $117.23.

In other Royal Caribbean Cruises news, CEO Lawrence R. Pimentel sold 17,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $120.50, for a total value of $2,048,500.00. Following the completion of the sale, the chief executive officer now owns 20,045 shares in the company, valued at $2,415,422.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Adam M. Goldstein sold 120,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $118.21, for a total transaction of $14,185,200.00. Following the completion of the sale, the chief operating officer now owns 191,252 shares of the company’s stock, valued at approximately $22,607,898.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 452,499 shares of company stock valued at $52,583,811. Corporate insiders own 15.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC bought a new stake in Royal Caribbean Cruises during the first quarter worth about $103,000. NEXT Financial Group Inc boosted its stake in Royal Caribbean Cruises by 25.0% in the first quarter. NEXT Financial Group Inc now owns 1,000 shares of the company’s stock worth $107,000 after buying an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Royal Caribbean Cruises during the first quarter worth about $119,000. Whittier Trust Co. boosted its stake in Royal Caribbean Cruises by 24.4% in the first quarter. Whittier Trust Co. now owns 1,266 shares of the company’s stock worth $124,000 after buying an additional 248 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Royal Caribbean Cruises by 447.1% in the first quarter. Acadian Asset Management LLC now owns 1,778 shares of the company’s stock worth $174,000 after buying an additional 1,453 shares in the last quarter. Institutional investors own 71.67% of the company’s stock.

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Shares of Royal Caribbean Cruises (NYSE RCL) opened at 117.76 on Tuesday. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 16.52 and a beta of 1.06. Royal Caribbean Cruises has a 52 week low of $65.10 and a 52 week high of $120.00. The firm’s 50 day moving average is $111.74 and its 200-day moving average is $102.72.

Royal Caribbean Cruises announced that its Board of Directors has approved a share repurchase plan on Friday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Royal Caribbean Cruises Company Profile

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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