Royal Caribbean Cruises Ltd (NYSE:RCL) – Analysts at William Blair reduced their Q1 2019 earnings estimates for Royal Caribbean Cruises in a research note issued to investors on Thursday, November 29th. William Blair analyst S. Zackfia now expects that the company will earn $1.21 per share for the quarter, down from their prior estimate of $1.24. William Blair also issued estimates for Royal Caribbean Cruises’ Q3 2019 earnings at $4.49 EPS and FY2020 earnings at $11.20 EPS.
Several other equities research analysts have also issued reports on RCL. Citigroup decreased their target price on Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, September 6th. Macquarie raised their target price on Royal Caribbean Cruises from $103.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, October 26th. Wells Fargo & Co decreased their target price on Royal Caribbean Cruises from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, October 29th. Finally, ValuEngine lowered Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Royal Caribbean Cruises currently has a consensus rating of “Buy” and a consensus target price of $139.62.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, October 25th. The company reported $3.98 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.01. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.82 billion. Royal Caribbean Cruises had a return on equity of 16.93% and a net margin of 19.46%.
In other news, EVP Harri U. Kulovaara sold 6,600 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the transaction, the executive vice president now owns 26,165 shares in the company, valued at approximately $3,285,015.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernt Reitan sold 1,578 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $106.58, for a total value of $168,183.24. The disclosure for this sale can be found here. 15.26% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Royal Caribbean Cruises by 164.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,675 shares of the company’s stock worth $2,867,000 after purchasing an additional 17,228 shares during the period. Alps Advisors Inc. bought a new position in Royal Caribbean Cruises in the 2nd quarter worth about $531,000. TD Asset Management Inc. boosted its stake in Royal Caribbean Cruises by 3.3% in the 2nd quarter. TD Asset Management Inc. now owns 241,648 shares of the company’s stock worth $25,035,000 after purchasing an additional 7,778 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Royal Caribbean Cruises by 38.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 105,189 shares of the company’s stock worth $10,898,000 after purchasing an additional 29,072 shares during the period. Finally, Emerald Advisers Inc. PA boosted its stake in Royal Caribbean Cruises by 45.1% in the 2nd quarter. Emerald Advisers Inc. PA now owns 22,561 shares of the company’s stock worth $2,337,000 after purchasing an additional 7,009 shares during the period. Institutional investors own 71.50% of the company’s stock.
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.
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