Media headlines about Royal Caribbean Cruises (NYSE:RCL) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Caribbean Cruises earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.0091907994651 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s analysis:
- Dividend Coverage: This Global Cruise Vacation Company raised its Dividend by 25%; Will Trade Ex-Dividend on September 21, 2017 (finance.yahoo.com)
- Royal Caribbean Cruises, STI to build school for seafarers | Inquirer … – Inquirer.net (business.inquirer.net)
- Maria Gains Strength on Path to Virgin Islands, Puerto Rico (finance.yahoo.com)
- BRIEF-STI Education Systems unit partners with Royal Caribbean Cruises Ltd (reuters.com)
- Irma creates bittersweet travel bonus for luckier Caribbean islands (CCL, RCL, DIS, AC, CCL) – Markets Insider (markets.businessinsider.com)
Royal Caribbean Cruises (NYSE:RCL) traded down 2.58% during trading on Wednesday, hitting $115.46. The company had a trading volume of 2,115,573 shares. Royal Caribbean Cruises has a one year low of $67.06 and a one year high of $125.00. The stock has a market capitalization of $24.84 billion, a PE ratio of 16.20 and a beta of 1.03. The stock has a 50-day moving average of $120.04 and a 200-day moving average of $109.23.
Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Royal Caribbean Cruises will post $7.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 22nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.02%. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.97%.
A number of equities research analysts have weighed in on RCL shares. Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Nomura raised their price target on Royal Caribbean Cruises from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) raised Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and raised their price target for the stock from $99.00 to $115.00 in a report on Wednesday, August 2nd. Deutsche Bank AG raised their price target on Royal Caribbean Cruises from $102.00 to $114.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $129.00 target price (up previously from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $118.49.
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In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the sale, the chief executive officer now owns 927,741 shares of the company’s stock, valued at approximately $112,525,705.89. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard D. Fain sold 210,706 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares in the company, valued at approximately $112,093,440.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 480,079 shares of company stock worth $56,139,855. 15.30% of the stock is owned by insiders.
About Royal Caribbean Cruises
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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