Royal Caribbean Cruises Ltd (NYSE:RCL) – Investment analysts at William Blair raised their Q2 2019 earnings per share (EPS) estimates for shares of Royal Caribbean Cruises in a research report issued to clients and investors on Wednesday, May 1st. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $2.50 for the quarter, up from their previous estimate of $2.46. William Blair also issued estimates for Royal Caribbean Cruises’ Q4 2019 earnings at $1.49 EPS and FY2020 earnings at $11.00 EPS.
A number of other equities research analysts have also recently weighed in on RCL. Wedbush reiterated an “underweight” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Royal Caribbean Cruises in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Buckingham Research boosted their price objective on Royal Caribbean Cruises from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Deutsche Bank reiterated a “buy” rating and issued a $140.00 price objective on shares of Royal Caribbean Cruises in a research note on Wednesday, May 1st. Finally, Citigroup boosted their price objective on Royal Caribbean Cruises from $138.00 to $154.00 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $144.57.
Shares of RCL opened at $129.17 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.16 and a quick ratio of 0.15. The company has a market capitalization of $27.44 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.51. Royal Caribbean Cruises has a 52-week low of $89.48 and a 52-week high of $133.60.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.20. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.38 billion. Royal Caribbean Cruises had a return on equity of 17.23% and a net margin of 18.60%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share.
In related news, Director Stephen R. Jr. Howe purchased 420 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $119.50 per share, for a total transaction of $50,190.00. Following the completion of the purchase, the director now directly owns 1,944 shares of the company’s stock, valued at $232,308. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Bradley H. Stein sold 5,909 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $119.27, for a total value of $704,766.43. Following the sale, the senior vice president now owns 19,874 shares of the company’s stock, valued at approximately $2,370,371.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,281 shares of company stock valued at $9,142,779. 13.07% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in RCL. Teachers Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 40.0% during the third quarter. Teachers Advisors LLC now owns 570,426 shares of the company’s stock worth $74,121,000 after purchasing an additional 163,098 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Royal Caribbean Cruises by 87.2% during the third quarter. TIAA CREF Investment Management LLC now owns 686,912 shares of the company’s stock worth $89,257,000 after purchasing an additional 320,027 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth approximately $8,132,000. Legal & General Group Plc raised its stake in shares of Royal Caribbean Cruises by 4.4% during the third quarter. Legal & General Group Plc now owns 796,881 shares of the company’s stock worth $103,553,000 after purchasing an additional 33,497 shares during the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Royal Caribbean Cruises by 55.6% during the third quarter. Federated Investors Inc. PA now owns 532,840 shares of the company’s stock worth $69,237,000 after purchasing an additional 190,424 shares during the last quarter. Institutional investors and hedge funds own 71.30% of the company’s stock.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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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