Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Royal Caribbean Cruises (RCL) Share Price
News stories about Royal Caribbean Cruises (NYSE:RCL) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Caribbean Cruises earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.0592001792295 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Irma creates bittersweet travel bonus for luckier Caribbean islands (CCL, RCL, DIS, AC, CCL) – Markets Insider (markets.businessinsider.com)
- 5 Unbeatable Dividend Stocks for Assured Growth – Nasdaq (nasdaq.com)
- Carnival and Royal Caribbean CEOs are Resourceful, Jim Cramer Says (finance.yahoo.com)
- Carnival: That Sinking Feeling (finance.yahoo.com)
Royal Caribbean Cruises (RCL) traded down 2.13% during mid-day trading on Friday, reaching $120.92. The company’s stock had a trading volume of 2,624,259 shares. The stock’s 50-day moving average is $119.72 and its 200-day moving average is $108.73. Royal Caribbean Cruises has a 12 month low of $65.45 and a 12 month high of $125.00. The firm has a market capitalization of $26.01 billion, a PE ratio of 16.96 and a beta of 1.03.
Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.04. Royal Caribbean Cruises had a return on equity of 16.71% and a net margin of 17.73%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Royal Caribbean Cruises will post $7.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd will be paid a $0.60 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is presently 26.97%.
Several research analysts have recently issued reports on RCL shares. Zacks Investment Research cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Berenberg Bank reaffirmed a “buy” rating and set a $135.00 price objective on shares of Royal Caribbean Cruises in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 price objective on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. Finally, J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $111.00 to $130.00 in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $118.49.
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In other news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $109.62, for a total transaction of $2,192,400.00. Following the sale, the chief executive officer now owns 967,741 shares of the company’s stock, valued at $106,083,768.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lawrence R. Pimentel sold 17,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $120.50, for a total value of $2,048,500.00. Following the sale, the chief executive officer now directly owns 20,045 shares in the company, valued at approximately $2,415,422.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 480,079 shares of company stock valued at $56,139,855. 15.30% of the stock is currently owned by 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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