Equities research analysts predict that Royal Caribbean Cruises Ltd (NYSE:RCL) will post earnings per share of $3.95 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Royal Caribbean Cruises’ earnings, with estimates ranging from $3.91 to $3.99. Royal Caribbean Cruises posted earnings of $3.49 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The firm is expected to report its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Royal Caribbean Cruises will report full year earnings of $8.90 per share for the current financial year, with EPS estimates ranging from $8.82 to $9.04. For the next year, analysts anticipate that the business will post earnings of $10.04 per share, with EPS estimates ranging from $9.65 to $10.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $0.30. Royal Caribbean Cruises had a return on equity of 16.50% and a net margin of 19.31%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm posted $1.71 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year.

Several equities research analysts have recently issued reports on RCL shares. Citigroup reduced their target price on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating on the stock in a report on Friday. Barclays started coverage on Royal Caribbean Cruises in a report on Friday, August 3rd. They issued an “overweight” rating on the stock. ValuEngine raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Wednesday, August 8th. Finally, Morgan Stanley reduced their price objective on Royal Caribbean Cruises from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 5th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $137.20.

Shares of RCL stock traded up $1.10 during trading hours on Monday, hitting $116.82. The stock had a trading volume of 1,204,500 shares, compared to its average volume of 1,764,138. Royal Caribbean Cruises has a one year low of $101.20 and a one year high of $135.65. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $23.75 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.17.

Royal Caribbean Cruises announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $108.22, for a total transaction of $2,164,400.00. Following the sale, the chief executive officer now directly owns 859,337 shares of the company’s stock, valued at $92,997,450.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 15.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Royal Caribbean Cruises by 2.2% during the second quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock valued at $1,152,098,000 after buying an additional 236,598 shares during the last quarter. FMR LLC grew its stake in shares of Royal Caribbean Cruises by 16.5% during the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after buying an additional 830,047 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Royal Caribbean Cruises by 1.5% during the first quarter. American Century Companies Inc. now owns 2,411,052 shares of the company’s stock valued at $283,877,000 after buying an additional 35,177 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Royal Caribbean Cruises by 9.1% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,378,897 shares of the company’s stock valued at $280,091,000 after buying an additional 197,746 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Royal Caribbean Cruises by 19.0% during the first quarter. Wells Fargo & Company MN now owns 1,469,759 shares of the company’s stock valued at $173,050,000 after buying an additional 234,476 shares during the last quarter. 70.20% of the stock is currently owned by institutional investors.

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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