Q1 2018 EPS Estimates for Royal Caribbean Cruises Ltd (RCL) Cut by Analyst

Royal Caribbean Cruises Ltd (NYSE:RCL) – Stock analysts at SunTrust Banks decreased their Q1 2018 earnings per share estimates for Royal Caribbean Cruises in a report released on Wednesday, Zacks Investment Research reports. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of $0.96 for the quarter, down from their previous forecast of $1.37. SunTrust Banks has a “Buy” rating and a $149.00 price target on the stock. SunTrust Banks also issued estimates for Royal Caribbean Cruises’ Q4 2018 earnings at $1.54 EPS, Q1 2019 earnings at $1.03 EPS, Q3 2019 earnings at $4.36 EPS and Q4 2019 earnings at $1.71 EPS.

Other equities research 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 research note on Thursday, January 18th. Bank of America increased their price target on Royal Caribbean Cruises from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Berenberg Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $139.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, Wedbush restated an “outperform” rating and issued a $145.00 price target (up previously from $139.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued 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 target price of $137.67.

Royal Caribbean Cruises (RCL) traded up $2.02 on Friday, reaching $124.47. The company had a trading volume of 2,331,929 shares, compared to its average volume of 1,570,000. Royal Caribbean Cruises has a twelve month low of $93.40 and a twelve month high of $135.65. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 0.59. The company has a market cap of $26,550.00, a PE ratio of 16.53, a PEG ratio of 0.65 and a beta of 1.10.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s revenue was up 5.0% compared to the same quarter last year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RCL. Neuberger Berman Group LLC grew its holdings in shares of Royal Caribbean Cruises by 1.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,458 shares of the company’s stock worth $268,000 after purchasing an additional 28 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Royal Caribbean Cruises by 9.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,334 shares of the company’s stock worth $146,000 after purchasing an additional 119 shares in the last quarter. Martingale Asset Management L P grew its holdings in shares of Royal Caribbean Cruises by 226.9% during the 2nd quarter. Martingale Asset Management L P now owns 6,927 shares of the company’s stock worth $757,000 after purchasing an additional 4,808 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Royal Caribbean Cruises by 11.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 386,094 shares of the company’s stock worth $42,173,000 after purchasing an additional 39,564 shares in the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 24.1% during the 2nd quarter. Profund Advisors LLC now owns 5,898 shares of the company’s stock worth $644,000 after purchasing an additional 1,146 shares in the last quarter. 67.04% of the stock is currently owned by institutional investors.

In other Royal Caribbean Cruises news, CEO Lisa Lutoff-Perlo sold 7,404 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $134.55, for a total value of $996,208.20. Following the transaction, the chief executive officer now directly owns 33,979 shares of the company’s stock, valued at approximately $4,571,874.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $123.00, for a total value of $2,460,000.00. Following the sale, the chief executive officer now directly owns 847,741 shares in the company, valued at $104,272,143. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,296 shares of company stock worth $9,266,380. Insiders own 15.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for Royal Caribbean Cruises Ltd (RCL) Cut by Analyst” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2018/02/12/suntrust-banks-comments-on-royal-caribbean-cruises-ltds-q1-2018-earnings-rcl.html.

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).

Get a free copy of the Zacks research report on Royal Caribbean Cruises (RCL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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.

Leave a Reply