Brokerages Expect Royal Caribbean Cruises Ltd. (RCL) to Post $1.21 Earnings Per Share
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been given an average broker rating score of 1.50 (Buy) from the sixteen analysts that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating and twelve have given a strong buy rating to the company. Royal Caribbean Cruises’ rating score has declined by 7.1% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus price target of $135.27 for the company and are forecasting that the company will post $1.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Royal Caribbean Cruises an industry rank of 113 out of 265 based on the ratings given to related companies.
RCL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Friday, September 1st. Deutsche Bank AG upped their target price on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $134.00 target price on shares of Royal Caribbean Cruises in a research report on Thursday, September 7th. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Wedbush reiterated an “outperform” rating and set a $139.00 price target (up from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th.
In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $125.70, for a total transaction of $2,514,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 60,000 shares of company stock valued at $7,415,000 over the last quarter. Corporate insiders own 15.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. TLP Group LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth $105,000. Acrospire Investment Management LLC raised its stake in Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after acquiring an additional 200 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the third quarter worth $119,000. NEXT Financial Group Inc raised its stake in Royal Caribbean Cruises by 9.0% during the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after acquiring an additional 90 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of Royal Caribbean Cruises during the second quarter worth $121,000. Hedge funds and other institutional investors own 73.01% of the company’s stock.
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Shares of Royal Caribbean Cruises (RCL) traded up $1.61 during trading on Monday, reaching $124.40. The company’s stock had a trading volume of 1,442,652 shares, compared to its average volume of 1,575,434. The company has a market capitalization of $26,290.00, a PE ratio of 16.65, a P/E/G ratio of 0.75 and a beta of 1.07. The company has a quick ratio of 0.13, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises has a 52-week low of $78.77 and a 52-week high of $133.75.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.06. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.20 earnings per share. analysts expect that Royal Caribbean Cruises will post 7.39 EPS for the current year.
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).
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