Brokerages forecast that Royal Caribbean Cruises Ltd (NYSE:RCL) will report sales of $2.31 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Royal Caribbean Cruises’ earnings. The lowest sales estimate is $2.28 billion and the highest is $2.33 billion. Royal Caribbean Cruises reported sales of $2.00 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that Royal Caribbean Cruises will report full year sales of $9.46 billion for the current year, with estimates ranging from $9.38 billion to $9.50 billion. For the next financial year, analysts expect that the business will report sales of $10.68 billion, with estimates ranging from $10.20 billion to $10.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Royal Caribbean Cruises.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, October 25th. The company reported $3.98 EPS for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.01. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.82 billion.

A number of equities analysts have weighed in on the stock. Nomura dropped their target price on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, October 26th. ValuEngine raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, August 8th. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $103.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, October 26th. Finally, Wells Fargo & Co dropped their target price on shares of Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Royal Caribbean Cruises currently has a consensus rating of “Buy” and an average target price of $139.62.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the sale, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at $3,285,015.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 15.26% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co. raised its stake in shares of Royal Caribbean Cruises by 235.3% during the third quarter. Smithfield Trust Co. now owns 1,073 shares of the company’s stock worth $140,000 after buying an additional 753 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $145,000. Squar Milner Financial Services LLC bought a new stake in Royal Caribbean Cruises in the second quarter valued at approximately $164,000. Bronfman E.L. Rothschild L.P. increased its stake in Royal Caribbean Cruises by 488.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,788 shares of the company’s stock valued at $185,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $201,000. 71.22% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE RCL opened at $109.86 on Friday. Royal Caribbean Cruises has a 1-year low of $97.48 and a 1-year high of $135.65. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 0.86 and a beta of 1.34. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.67.

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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