Royal Caribbean Cruises Ltd (RCL) Expected to Announce Quarterly Sales of $1.98 Billion

Equities analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to report sales of $1.98 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Royal Caribbean Cruises’ earnings, with estimates ranging from $1.96 billion to $2.00 billion. Royal Caribbean Cruises posted sales of $1.91 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that Royal Caribbean Cruises will report full year sales of $1.98 billion for the current year, with estimates ranging from $8.74 billion to $8.77 billion. For the next year, analysts expect that the company will post sales of $9.37 billion per share, with estimates ranging from $9.26 billion to $9.61 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.06. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. Royal Caribbean Cruises’s revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $3.20 earnings per share.

Several research firms recently weighed in on RCL. SunTrust Banks raised their price objective on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research note on Wednesday. Berenberg Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Wedbush reaffirmed an “outperform” rating and issued a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 price objective (up from $128.00) on shares of Royal Caribbean Cruises in a research note on Monday, November 6th. Finally, Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $128.54.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $128.10, for a total value of $2,562,000.00. Following the completion of the transaction, the chief executive officer now directly owns 807,741 shares in the company, valued at $103,471,622.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 60,000 shares of company stock valued at $7,497,200 over the last quarter. Corporate insiders own 15.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. TLP Group LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $105,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the third quarter worth about $119,000. Pinebridge Investments L.P. bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $121,000. ClariVest Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the third quarter worth about $142,000. Finally, Assetmark Inc. raised its position in shares of Royal Caribbean Cruises by 198.1% during the third quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock worth $145,000 after acquiring an additional 814 shares during the last quarter. Hedge funds and other institutional investors own 73.23% of the company’s stock.

Shares of Royal Caribbean Cruises (RCL) opened at $128.97 on Friday. The firm has a market capitalization of $27,610.00, a PE ratio of 17.22, a P/E/G ratio of 0.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.13. Royal Caribbean Cruises has a 12 month low of $84.50 and a 12 month high of $133.75.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Thursday, December 21st were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $2.40 annualized dividend and a yield of 1.86%. Royal Caribbean Cruises’s dividend payout ratio is presently 32.04%.

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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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