Royal Caribbean Cruises Ltd (NYSE:RCL) – Investment analysts at William Blair raised their Q2 2018 EPS estimates for Royal Caribbean Cruises in a report issued on Tuesday, according to Zacks Investment Research. William Blair analyst S. Zackfia now anticipates that the company will post earnings of $1.91 per share for the quarter, up from their previous forecast of $1.87. William Blair also issued estimates for Royal Caribbean Cruises’ Q3 2018 earnings at $3.89 EPS, FY2018 earnings at $8.71 EPS and FY2019 earnings at $9.90 EPS.
RCL has been the subject of a number of other research reports. SunTrust Banks lifted their target price on Royal Caribbean Cruises to $149.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Berenberg Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Wedbush reaffirmed an “outperform” rating and set a $139.00 target price (up previously from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $135.00 target price (up previously from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Finally, Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and an average target price of $137.67.
Royal Caribbean Cruises (NYSE:RCL) traded up $2.02 during trading on Thursday, hitting $124.47. The company had a trading volume of 2,331,929 shares, compared to its average volume of 1,570,000. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises has a 12-month low of $93.40 and a 12-month high of $135.65. The firm has a market capitalization of $26,550.00, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a return on equity of 16.22% and a net margin of 18.51%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $434,000. Suntrust Banks Inc. increased its position in shares of Royal Caribbean Cruises by 83.4% in the fourth quarter. Suntrust Banks Inc. now owns 7,814 shares of the company’s stock valued at $931,000 after buying an additional 3,553 shares in the last quarter. Norinchukin Bank The increased its position in shares of Royal Caribbean Cruises by 6.9% in the fourth quarter. Norinchukin Bank The now owns 13,693 shares of the company’s stock valued at $1,633,000 after buying an additional 886 shares in the last quarter. ARP Americas LP increased its position in shares of Royal Caribbean Cruises by 50.1% in the fourth quarter. ARP Americas LP now owns 5,554 shares of the company’s stock valued at $662,000 after buying an additional 1,854 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of Royal Caribbean Cruises by 1.1% in the fourth quarter. American International Group Inc. now owns 60,045 shares of the company’s stock valued at $7,162,000 after buying an additional 626 shares in the last quarter. Institutional investors and hedge funds own 67.04% of the company’s stock.
In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $123.76, for a total value of $2,475,200.00. Following the completion of the sale, the chief executive officer now directly owns 895,416 shares in the company, valued at $110,816,684.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa Lutoff-Perlo sold 7,404 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $134.55, for a total value of $996,208.20. Following the completion of the sale, the chief executive officer now owns 33,979 shares of the company’s stock, valued at $4,571,874.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,296 shares of company stock valued at $9,266,380. 15.30% of the stock is owned by company 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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