Wall Street analysts expect Royal Caribbean Cruises Ltd. (NYSE:RCL) to announce earnings per share (EPS) of $1.66 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Royal Caribbean Cruises’ earnings, with the lowest EPS estimate coming in at $1.64 and the highest estimate coming in at $1.70. Royal Caribbean Cruises reported earnings per share of $1.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 52.3%. The business is expected to issue its next quarterly earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that Royal Caribbean Cruises will report full-year earnings of $7.22 per share for the current fiscal year, with EPS estimates ranging from $7.16 to $7.38. For the next fiscal year, analysts forecast that the firm will report earnings of $8.22 per share, with EPS estimates ranging from $7.72 to $8.64. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Friday, April 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.07. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Royal Caribbean Cruises had a return on equity of 15.91% and a net margin of 16.29%. Royal Caribbean Cruises’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS.

RCL has been the subject of several analyst reports. ValuEngine raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Tuesday, May 30th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. Finally, Deutsche Bank AG decreased their target price on 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus price target of $105.31.

In other news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at approximately $106,083,768.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Harri U. Kulovaara sold 7,527 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $110.00, for a total value of $827,970.00. Following the sale, the executive vice president now owns 29,667 shares in the company, valued at $3,263,370. The disclosure for this sale can be found here. Insiders have sold a total of 47,527 shares of company stock worth $5,175,770 over the last quarter. Insiders own 15.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. NEXT Financial Group Inc boosted its stake in shares of 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 during the last quarter. Advisors Preferred LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter worth $103,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises during the first quarter worth $119,000. Whittier Trust Co. boosted its stake in shares of 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 during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

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Royal Caribbean Cruises (RCL) traded down 0.30% during midday trading on Tuesday, reaching $114.91. The company’s stock had a trading volume of 1,467,887 shares. The company has a market capitalization of $24.71 billion, a P/E ratio of 17.79 and a beta of 1.06. Royal Caribbean Cruises has a 1-year low of $65.10 and a 1-year high of $116.36. The company has a 50 day moving average of $111.08 and a 200-day moving average of $100.88.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 2nd were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, May 31st. Royal Caribbean Cruises’s payout ratio is 29.68%.

Royal Caribbean Cruises announced that its Board of Directors has authorized a share repurchase program on Friday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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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