Royal Caribbean Cruises Ltd (RCL) Expected to Announce Quarterly Sales of $2.04 Billion

Analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to report $2.04 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Royal Caribbean Cruises’ earnings, with the lowest sales estimate coming in at $2.02 billion and the highest estimate coming in at $2.05 billion. Royal Caribbean Cruises reported sales of $2.01 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The firm is expected to issue its next earnings results on Friday, April 27th.

According to Zacks, analysts expect that Royal Caribbean Cruises will report full year sales of $2.04 billion for the current fiscal year, with estimates ranging from $9.28 billion to $9.51 billion. For the next fiscal year, analysts forecast that the company will post sales of $10.33 billion per share, with estimates ranging from $10.17 billion to $10.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.97 billion. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. Royal Caribbean Cruises’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS.

A number of research firms have recently commented on RCL. SunTrust Banks increased their price objective on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Wedbush reiterated an “outperform” rating and issued a $139.00 price objective (up previously from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Wells Fargo & Co reiterated an “outperform” rating and issued a $135.00 price objective (up previously from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Finally, Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $137.67.

In related news, CFO Jason T. Liberty sold 5,892 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $131.19, for a total transaction of $772,971.48. Following the transaction, the chief financial officer now owns 43,972 shares in the company, valued at approximately $5,768,686.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $134.55, for a total value of $996,208.20. Following the transaction, the chief executive officer now owns 33,979 shares in the company, valued at approximately $4,571,874.45. The disclosure for this sale can be found here. Insiders have sold a total of 73,296 shares of company stock worth $9,266,380 in the last 90 days. 15.30% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in RCL. California Public Employees Retirement System grew its stake in shares of Royal Caribbean Cruises by 7.3% in the 4th quarter. California Public Employees Retirement System now owns 380,408 shares of the company’s stock valued at $45,375,000 after purchasing an additional 26,038 shares during the last quarter. M&T Bank Corp grew its stake in shares of Royal Caribbean Cruises by 2.6% in the 4th quarter. M&T Bank Corp now owns 23,783 shares of the company’s stock valued at $2,838,000 after purchasing an additional 598 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $2,163,000. Icon Advisers Inc. Co. grew its stake in shares of Royal Caribbean Cruises by 74.0% in the 4th quarter. Icon Advisers Inc. Co. now owns 92,870 shares of the company’s stock valued at $11,078,000 after purchasing an additional 39,500 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Royal Caribbean Cruises by 48.8% in the 4th quarter. Teacher Retirement System of Texas now owns 66,565 shares of the company’s stock valued at $7,940,000 after purchasing an additional 21,841 shares during the last quarter. Hedge funds and other institutional investors own 67.04% of the company’s stock.

Shares of Royal Caribbean Cruises (NYSE RCL) opened at $127.66 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. The stock has a market capitalization of $27,330.00, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. Royal Caribbean Cruises has a 12-month low of $93.40 and a 12-month high of $135.65.

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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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