Royal Caribbean Cruises Ltd (NYSE:RCL) – Research analysts at William Blair boosted their FY2017 earnings per share estimates for shares of Royal Caribbean Cruises in a report issued on Tuesday. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $7.42 for the year, up from their previous forecast of $7.39. William Blair also issued estimates for Royal Caribbean Cruises’ Q4 2017 earnings at $1.23 EPS, Q1 2018 earnings at $1.27 EPS and Q4 2018 earnings at $1.64 EPS.

A number of other research firms have also recently commented on RCL. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $139.00 price objective (up from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Deutsche Bank lifted their price objective on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Buckingham Research lifted their price objective on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $128.54.

Royal Caribbean Cruises (NYSE:RCL) opened at $128.97 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58. Royal Caribbean Cruises has a 52-week low of $84.26 and a 52-week high of $133.75. The company has a market cap of $27,610.00, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a net margin of 18.41% and a return on equity of 16.64%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business posted $3.20 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Thursday, December 21st were given a $0.60 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.86%. Royal Caribbean Cruises’s payout ratio is presently 32.04%.

In other news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $123.76, for a total value of $2,475,200.00. Following the completion of the sale, the chief executive officer now owns 895,416 shares of the company’s stock, valued at $110,816,684.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 60,000 shares of company stock valued at $7,497,200. 15.30% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in Royal Caribbean Cruises by 148.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 108,281 shares of the company’s stock valued at $12,836,000 after purchasing an additional 64,663 shares in the last quarter. Stifel Financial Corp raised its stake in Royal Caribbean Cruises by 10.1% in the third quarter. Stifel Financial Corp now owns 97,388 shares of the company’s stock valued at $11,551,000 after purchasing an additional 8,960 shares in the last quarter. Fred Alger Management Inc. raised its stake in Royal Caribbean Cruises by 4.6% in the second quarter. Fred Alger Management Inc. now owns 22,658 shares of the company’s stock valued at $2,475,000 after purchasing an additional 998 shares in the last quarter. PGGM Investments raised its stake in Royal Caribbean Cruises by 198.8% in the third quarter. PGGM Investments now owns 288,965 shares of the company’s stock valued at $34,254,000 after purchasing an additional 192,265 shares in the last quarter. Finally, Invictus RG raised its stake in Royal Caribbean Cruises by 167.5% in the third quarter. Invictus RG now owns 2,539 shares of the company’s stock valued at $301,000 after purchasing an additional 1,590 shares in the last quarter. 73.23% of the stock is owned by institutional investors.

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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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