Royal Caribbean Cruises Ltd. (NYSE:RCL) – Investment analysts at William Blair boosted their Q4 2017 EPS estimates for shares of Royal Caribbean Cruises in a research note issued to investors on Tuesday. William Blair analyst S. Zackfia now expects that the company will earn $1.31 per share for the quarter, up from their previous estimate of $1.28.

RCL has been the subject of several other reports. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Wednesday, June 7th. ValuEngine upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) lifted their target price on shares of Royal Caribbean Cruises from $90.00 to $94.00 and gave the company a “sell” rating in a research report on Monday, May 1st. Deutsche Bank AG lifted their target price on shares of Royal Caribbean Cruises from $102.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Wedbush boosted their price objective on shares of Royal Caribbean Cruises from $106.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. Royal Caribbean Cruises currently has an average rating of “Buy” and a consensus price target of $117.23.

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Shares of Royal Caribbean Cruises (NYSE:RCL) traded down 0.19% during trading on Thursday, reaching $119.69. 1,529,210 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 52-week low of $65.10 and a 52-week high of $120.96. The company’s 50-day moving average is $111.74 and its 200 day moving average is $102.72. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 16.79 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.04. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Royal Caribbean Cruises by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 261,775 shares of the company’s stock worth $28,594,000 after buying an additional 2,557 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $950,000. KBC Group NV increased its position in shares of Royal Caribbean Cruises by 10.7% in the second quarter. KBC Group NV now owns 62,855 shares of the company’s stock worth $6,865,000 after buying an additional 6,080 shares during the last quarter. Legal & General Group Plc increased its position in shares of Royal Caribbean Cruises by 12.6% in the second quarter. Legal & General Group Plc now owns 813,441 shares of the company’s stock worth $88,853,000 after buying an additional 91,310 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Royal Caribbean Cruises by 276.4% in the second quarter. Jaffetilchin Investment Partners LLC now owns 8,583 shares of the company’s stock worth $937,000 after buying an additional 6,303 shares during the last quarter. 71.23% of the stock is currently owned by institutional investors and hedge funds.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 210,706 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $115.83, for a total transaction of $24,406,075.98. Following the transaction, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $107.77, for a total transaction of $2,155,400.00. Following the transaction, the chief executive officer now directly owns 1,007,741 shares in the company, valued at $108,604,247.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 452,499 shares of company stock worth $52,583,811. 15.30% of the stock is owned by insiders.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share buyback plan on Friday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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).

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

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