Royal Caribbean Cruises Ltd (NYSE:RCL) – Research analysts at William Blair upped their Q2 2018 earnings estimates for Royal Caribbean Cruises in a report released on Tuesday. William Blair analyst S. Zackfia now forecasts that the company will earn $1.91 per share for the quarter, up from their prior estimate of $1.87. William Blair also issued estimates for Royal Caribbean Cruises’ Q3 2018 earnings at $3.89 EPS, FY2018 earnings at $8.71 EPS and FY2019 earnings at $9.90 EPS.
Several other brokerages have also commented on RCL. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Wednesday. Wedbush restated an “outperform” rating and set a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Deutsche Bank boosted their target price on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Buckingham Research boosted their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Royal Caribbean Cruises has an average rating of “Buy” and a consensus price target of $128.54.
Shares of Royal Caribbean Cruises (RCL) traded up $3.46 during midday trading on Thursday, hitting $130.21. 1,754,500 shares of the company’s stock traded hands, compared to its average volume of 1,369,091. The stock has a market cap of $27,730.00, a price-to-earnings ratio of 17.38, a P/E/G ratio of 0.66 and a beta of 1.06. Royal Caribbean Cruises has a 52 week low of $84.05 and a 52 week high of $133.75. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.06. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. Royal Caribbean Cruises’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Thursday, December 21st were given a $0.60 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.84%. Royal Caribbean Cruises’s dividend payout ratio is presently 32.04%.
In related news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the sale, the chief executive officer now directly owns 847,741 shares in the company, valued at approximately $104,272,143. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 60,000 shares of company stock worth $7,497,200 over the last quarter. Insiders own 15.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. TLP Group LLC purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $105,000. Acrospire Investment Management LLC lifted its holdings in Royal Caribbean Cruises by 25.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $109,000 after purchasing an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in Royal Caribbean Cruises in the 3rd quarter valued at about $119,000. Pinebridge Investments L.P. purchased a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $121,000. Finally, ClariVest Asset Management LLC purchased a new position in Royal Caribbean Cruises in the 3rd quarter valued at about $142,000. Institutional investors own 73.23% of the company’s stock.
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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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