Royal Caribbean Cruises Ltd (RCL) Expected to Post Quarterly Sales of $2.04 Billion
Equities analysts expect Royal Caribbean Cruises Ltd (NYSE:RCL) to post sales of $2.04 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Royal Caribbean Cruises’ earnings, with estimates ranging from $2.02 billion to $2.05 billion. Royal Caribbean Cruises posted sales of $2.01 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that Royal Caribbean Cruises will report full-year sales of $2.04 billion for the current financial year, with estimates ranging from $9.28 billion to $9.51 billion. For the next financial year, analysts expect that the business 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 calculations are a mean average based on a survey of research firms that that provide coverage for Royal Caribbean Cruises.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year.
In other news, CEO Lisa Lutoff-Perlo sold 7,404 shares of Royal Caribbean Cruises stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $134.55, for a total value of $996,208.20. Following the completion of the transaction, the chief executive officer now owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason T. Liberty sold 5,892 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $131.19, for a total transaction of $772,971.48. Following the completion of the transaction, the chief financial officer now directly owns 43,972 shares of the company’s stock, valued at approximately $5,768,686.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,296 shares of company stock valued at $9,266,380. 15.30% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in RCL. Fuller & Thaler Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $119,000. ClariVest Asset Management LLC bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $142,000. Assetmark Inc. grew its position in shares of Royal Caribbean Cruises by 198.1% in the 3rd quarter. Assetmark Inc. now owns 1,225 shares of the company’s stock valued at $145,000 after acquiring an additional 814 shares during the period. Huntington National Bank grew its position in shares of Royal Caribbean Cruises by 89.6% in the 3rd quarter. Huntington National Bank now owns 1,346 shares of the company’s stock valued at $160,000 after acquiring an additional 636 shares during the period. Finally, NuWave Investment Management LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $185,000. 67.04% of the stock is owned by institutional investors.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up $2.02 during mid-day trading on Wednesday, hitting $124.47. 2,334,475 shares of the stock traded hands, compared to its average volume of 1,510,000. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises has a 52 week low of $93.40 and a 52 week high of $135.65. The company has a market capitalization of $26,990.00, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 0.64 and a beta of 1.10.
About Royal Caribbean Cruises
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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