Q3 2018 EPS Estimates for Royal Caribbean Cruises Ltd (RCL) Decreased by Analyst

Royal Caribbean Cruises Ltd (NYSE:RCL) – Equities research analysts at Wedbush cut their Q3 2018 earnings estimates for Royal Caribbean Cruises in a research report issued to clients and investors on Tuesday, September 25th. Wedbush analyst J. Hardiman now anticipates that the company will earn $3.96 per share for the quarter, down from their previous forecast of $3.97. Wedbush also issued estimates for Royal Caribbean Cruises’ Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $8.91 EPS and FY2019 earnings at $10.27 EPS.

Several other equities analysts have also commented on RCL. ValuEngine upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Susquehanna Bancshares upped their price objective on shares of Royal Caribbean Cruises from $142.00 to $146.00 and gave the stock a “positive” rating in a report on Friday, June 15th. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $138.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $147.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays began coverage on shares of Royal Caribbean Cruises in a report on Friday, August 3rd. They issued an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $141.53.

Shares of RCL stock opened at $129.32 on Thursday. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 0.68. Royal Caribbean Cruises has a one year low of $101.20 and a one year high of $135.65. The company has a market capitalization of $27.04 billion, a PE ratio of 16.50, a P/E/G ratio of 0.92 and a beta of 1.18.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $1.97 by $0.30. Royal Caribbean Cruises had a net margin of 19.31% and a return on equity of 16.50%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the business posted $1.71 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Royal Caribbean Cruises by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock valued at $1,152,098,000 after purchasing an additional 236,598 shares during the last quarter. FMR LLC increased its position in shares of Royal Caribbean Cruises by 16.5% in the 2nd quarter. FMR LLC now owns 5,861,019 shares of the company’s stock valued at $607,202,000 after purchasing an additional 830,047 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Royal Caribbean Cruises by 9.1% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,378,897 shares of the company’s stock valued at $280,091,000 after purchasing an additional 197,746 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Royal Caribbean Cruises by 17.6% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,377,895 shares of the company’s stock valued at $142,750,000 after purchasing an additional 206,047 shares during the last quarter. Finally, Vontobel Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 443.4% in the 2nd quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock valued at $143,300,000 after purchasing an additional 1,098,502 shares during the last quarter. 70.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Harri U. Kulovaara sold 6,600 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the sale, the executive vice president now directly owns 26,165 shares of the company’s stock, valued at approximately $3,285,015.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. 15.26% of the stock is owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 11th. Investors of record on Friday, September 21st will be paid a dividend of $0.70 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 37.18%.

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

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