Wedbush Analysts Raise Earnings Estimates for Royal Caribbean Cruises (RCL)

Royal Caribbean Cruises (NYSE:RCL) – Investment analysts at Wedbush boosted their Q1 2018 earnings estimates for Royal Caribbean Cruises in a report issued on Friday, April 13th. Wedbush analyst J. Hardiman now expects that the company will post earnings of $0.97 per share for the quarter, up from their previous forecast of $0.97. Wedbush currently has a “Outperform” rating and a $145.00 price target on the stock. Wedbush also issued estimates for Royal Caribbean Cruises’ FY2018 earnings at $8.81 EPS.

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A number of other equities analysts have also issued reports on RCL. ValuEngine lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Zacks Investment Research lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. SunTrust Banks raised their price target on shares of Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Bank of America raised their price target on shares of Royal Caribbean Cruises from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $136.80.

RCL opened at $115.71 on Monday. Royal Caribbean Cruises has a 12-month low of $94.35 and a 12-month high of $135.65. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. The company has a market cap of $24,311.81, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.97 billion. During the same period last year, the firm posted $1.23 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 5.0% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Tuesday, March 6th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 31.87%.

In related news, CFO Jason T. Liberty sold 5,892 shares of Royal Caribbean Cruises stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $131.19, for a total value of $772,971.48. Following the sale, the chief financial officer now owns 43,972 shares of the company’s stock, valued at approximately $5,768,686.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of Royal Caribbean Cruises stock in a transaction on Monday, January 29th. The shares were sold at an average price of $134.55, for a total transaction of $996,208.20. Following the completion of the sale, the chief executive officer now directly owns 33,979 shares in the company, valued at approximately $4,571,874.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,799 shares of company stock valued at $15,291,696. Insiders own 15.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Jefferies Group LLC grew its stake in Royal Caribbean Cruises by 104.3% in the 4th quarter. Jefferies Group LLC now owns 105,287 shares of the company’s stock valued at $12,559,000 after acquiring an additional 53,763 shares during the period. Envestnet Asset Management Inc. grew its stake in Royal Caribbean Cruises by 28.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 25,532 shares of the company’s stock valued at $3,047,000 after acquiring an additional 5,660 shares during the period. Schroder Investment Management Group grew its stake in Royal Caribbean Cruises by 39.5% in the 4th quarter. Schroder Investment Management Group now owns 84,602 shares of the company’s stock valued at $10,091,000 after acquiring an additional 23,956 shares during the period. Affinity Investment Advisors LLC grew its stake in Royal Caribbean Cruises by 469.1% in the 4th quarter. Affinity Investment Advisors LLC now owns 104,765 shares of the company’s stock valued at $12,496,000 after acquiring an additional 86,355 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in Royal Caribbean Cruises by 3.1% in the 4th quarter. Brandywine Global Investment Management LLC now owns 193,937 shares of the company’s stock valued at $23,133,000 after acquiring an additional 5,759 shares during the period. 74.48% of the stock is currently owned by hedge funds and other institutional investors.

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Royal Caribbean Cruises Company Profile

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.

Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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