Royal Caribbean Cruises (NYSE:RCL) has earned a consensus rating of “Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $139.50.
Several equities analysts have commented on the company. ValuEngine lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $152.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Bank of America raised their price objective on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase raised their price objective on Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th.
NYSE:RCL traded up $0.26 during trading hours on Monday, hitting $107.22. The company had a trading volume of 989,532 shares, compared to its average volume of 1,655,930. The stock has a market cap of $22.65 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. Royal Caribbean Cruises has a 52 week low of $103.76 and a 52 week high of $135.65. The company has a quick ratio of 0.18, a current ratio of 0.20 and a debt-to-equity ratio of 0.72.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, April 26th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.12. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Royal Caribbean Cruises had a net margin of 18.52% and a return on equity of 15.85%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. analysts expect that Royal Caribbean Cruises will post 8.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Monday, June 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, June 1st. Royal Caribbean Cruises’s dividend payout ratio is presently 31.87%.
Royal Caribbean Cruises declared that its board has initiated a stock repurchase program on Wednesday, May 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In other news, CFO Jason T. Liberty sold 10,844 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $132.04, for a total value of $1,431,841.76. Following the completion of the transaction, the chief financial officer now owns 44,089 shares of the company’s stock, valued at approximately $5,821,511.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $114.84, for a total value of $2,296,800.00. Following the completion of the transaction, the chief executive officer now directly owns 885,037 shares of the company’s stock, valued at approximately $101,637,649.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,904 shares of company stock valued at $8,759,535. 15.26% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $110,000. NuWave Investment Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth about $185,000. Checchi Capital Advisers LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth about $207,000. Squar Milner Financial Services LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth about $207,000. Finally, NEXT Financial Group Inc purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $214,000. 72.05% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.