Royal Caribbean Cruises Ltd. (NYSE:RCL) – Investment analysts at William Blair issued their Q1 2018 earnings estimates for shares of Royal Caribbean Cruises in a research note issued to investors on Monday. William Blair analyst S. Zackfia anticipates that the company will earn $1.16 per share for the quarter. William Blair also issued estimates for Royal Caribbean Cruises’ Q2 2018 earnings at $1.84 EPS, Q3 2018 earnings at $3.75 EPS, Q4 2018 earnings at $1.67 EPS, FY2018 earnings at $8.42 EPS and FY2019 earnings at $9.73 EPS.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share.
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Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Nomura raised their price objective on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and raised their price objective for the company from $99.00 to $115.00 in a report on Wednesday, August 2nd. Deutsche Bank AG raised their price objective on Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $129.00 price objective (up previously from $125.00) on shares of Royal Caribbean Cruises in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.04.
Several institutional investors and hedge funds have recently made changes to their positions in RCL. TLP Group LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $105,000. Acrospire Investment Management LLC increased its holdings in shares of Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after purchasing an additional 200 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises during the first quarter worth approximately $119,000. NEXT Financial Group Inc increased its holdings in shares of Royal Caribbean Cruises by 9.0% during the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after purchasing an additional 90 shares during the period. Finally, Pinebridge Investments L.P. bought a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $121,000. 71.25% of the stock is currently owned by institutional investors.
In other news, CEO Lawrence R. Pimentel sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $120.50, for a total transaction of $2,048,500.00. Following the transaction, the chief executive officer now directly owns 20,045 shares of the company’s stock, valued at $2,415,422.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $118.95, for a total transaction of $2,379,000.00. Following the transaction, the chief executive officer now directly owns 947,741 shares in the company, valued at $112,733,791.95. The disclosure for this sale can be found here. Insiders have sold 84,580 shares of company stock worth $10,273,944 over the last ninety days. Insiders own 15.30% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 21st. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a dividend yield of 1.94%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 33.71%.
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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