Royal Caribbean Cruises (RCL) Expected to Announce Quarterly Sales of $2.05 Billion

Analysts expect that Royal Caribbean Cruises (NYSE:RCL) will post $2.05 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Royal Caribbean Cruises’ earnings, with the highest sales estimate coming in at $2.06 billion and the lowest estimate coming in at $2.04 billion. Royal Caribbean Cruises reported sales of $2.01 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that Royal Caribbean Cruises will report full-year sales of $2.05 billion for the current financial year, with estimates ranging from $9.38 billion to $9.51 billion. For the next fiscal year, analysts expect that the company will post sales of $10.31 billion per share, with estimates ranging from $10.17 billion to $10.53 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Royal Caribbean Cruises.

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Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Thursday. ValuEngine raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. SunTrust Banks increased their price objective on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Bank of America increased their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $136.93.

NYSE RCL traded down $2.99 during trading hours on Friday, reaching $114.83. The stock had a trading volume of 1,106,154 shares, compared to its average volume of 1,500,086. The firm has a market cap of $24,976.57, a P/E ratio of 15.25, a P/E/G ratio of 0.64 and a beta of 1.23. Royal Caribbean Cruises has a 52-week low of $93.86 and a 52-week high of $135.65. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Wednesday, March 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $2.40 annualized dividend and a yield of 2.09%. Royal Caribbean Cruises’s payout ratio is currently 31.87%.

In other news, SVP Bradley H. Stein sold 9,071 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $124.64, for a total value of $1,130,609.44. Following the completion of the sale, the senior vice president now owns 17,341 shares of the company’s stock, valued at $2,161,382.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley H. Stein sold 8,528 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $124.34, for a total value of $1,060,371.52. Following the completion of the transaction, the chief executive officer now directly owns 17,341 shares of the company’s stock, valued at approximately $2,156,179.94. The disclosure for this sale can be found here. Insiders have sold 120,799 shares of company stock valued at $15,556,896 over the last 90 days. 15.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in RCL. NuWave Investment Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $185,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at approximately $204,000. Checchi Capital Advisers LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $207,000. Squar Milner Financial Services LLC bought a new position in Royal Caribbean Cruises during the 4th quarter valued at $207,000. Finally, Boothbay Fund Management LLC bought a new position in Royal Caribbean Cruises during the 3rd quarter valued at $212,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

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About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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