What is Zacks Research’s Forecast for RCL FY2027 Earnings?

Royal Caribbean Cruises Ltd. (NYSE:RCL) – Investment analysts at Zacks Research decreased their FY2027 earnings estimates for Royal Caribbean Cruises in a research note issued to investors on Wednesday, April 16th. Zacks Research analyst M. Kaushik now forecasts that the company will earn $18.62 per share for the year, down from their previous forecast of $19.25. The consensus estimate for Royal Caribbean Cruises’ current full-year earnings is $14.90 per share.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the company earned $1.25 EPS.

Other equities research analysts also recently issued research reports about the stock. Macquarie raised their price objective on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Tigress Financial lifted their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. BNP Paribas initiated coverage on shares of Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an “outperform” rating and a $262.00 price target on the stock. Finally, Mizuho reiterated an “outperform” rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $276.95.

Royal Caribbean Cruises Stock Up 0.4 %

Shares of Royal Caribbean Cruises stock opened at $192.52 on Friday. The company has a market cap of $51.81 billion, a P/E ratio of 18.01, a PEG ratio of 0.90 and a beta of 2.26. The firm has a fifty day moving average of $218.83 and a two-hundred day moving average of $225.35. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises has a one year low of $127.10 and a one year high of $277.08.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were paid a $0.75 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, March 7th. Royal Caribbean Cruises’s payout ratio is currently 28.06%.

Royal Caribbean Cruises announced that its board has authorized a share buyback plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Laura H. Bethge sold 14,992 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.86, for a total value of $3,925,805.12. Following the completion of the sale, the insider now owns 21,155 shares of the company’s stock, valued at $5,539,648.30. This represents a 41.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 58,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total value of $15,193,100.00. Following the transaction, the chief executive officer now directly owns 143,214 shares in the company, valued at $37,514,907.30. This trade represents a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Large investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. grew its position in shares of Royal Caribbean Cruises by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock valued at $53,000 after buying an additional 75 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 175.0% during the third quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock valued at $57,000 after acquiring an additional 203 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $7,107,000. Wilmington Savings Fund Society FSB bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $109,000. Finally, American Trust acquired a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $204,000. 87.53% of the stock is currently owned by institutional investors.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.