Royal Caribbean Cruises Ltd (NYSE:RCL) – Investment analysts at William Blair dropped their Q3 2019 earnings per share estimates for Royal Caribbean Cruises in a research note issued to investors on Friday, July 12th. William Blair analyst S. Zackfia now anticipates that the company will earn $4.49 per share for the quarter, down from their previous forecast of $4.55. William Blair also issued estimates for Royal Caribbean Cruises’ Q4 2019 earnings at $1.40 EPS, FY2019 earnings at $9.67 EPS and FY2020 earnings at $10.72 EPS.
A number of other equities analysts have also commented on the stock. Nomura decreased their price objective on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, June 7th. Wedbush reiterated a “buy” rating on shares of Liquidia Technologies in a research report on Thursday, May 2nd. Buckingham Research increased their target price on shares of Royal Caribbean Cruises from $148.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Deutsche Bank downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 target price for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Citigroup increased their target price on shares of SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Royal Caribbean Cruises presently has an average rating of “Hold” and an average target price of $143.75.
Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.20. Royal Caribbean Cruises had a net margin of 18.60% and a return on equity of 17.23%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue was up 20.3% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.44%. Royal Caribbean Cruises’s dividend payout ratio is currently 31.60%.
In other news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $110.22, for a total transaction of $2,204,400.00. Following the transaction, the chief executive officer now owns 910,639 shares in the company, valued at approximately $100,370,630.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Henry L. Pujol sold 4,134 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $128.20, for a total transaction of $529,978.80. Following the transaction, the senior vice president now owns 45,342 shares in the company, valued at approximately $5,812,844.40. The disclosure for this sale can be found here. Insiders have sold a total of 26,834 shares of company stock worth $3,075,902 in the last 90 days. 13.07% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its holdings in shares of Royal Caribbean Cruises by 3.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,294 shares of the company’s stock valued at $263,000 after purchasing an additional 84 shares in the last quarter. Intrust Bank NA raised its holdings in Royal Caribbean Cruises by 3.4% in the 1st quarter. Intrust Bank NA now owns 2,754 shares of the company’s stock worth $315,000 after acquiring an additional 91 shares during the period. Louisiana State Employees Retirement System raised its holdings in Royal Caribbean Cruises by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the company’s stock worth $1,043,000 after acquiring an additional 100 shares during the period. Commonwealth Bank of Australia raised its holdings in Royal Caribbean Cruises by 0.5% in the 1st quarter. Commonwealth Bank of Australia now owns 21,279 shares of the company’s stock worth $2,434,000 after acquiring an additional 100 shares during the period. Finally, Signaturefd LLC raised its holdings in Royal Caribbean Cruises by 27.2% in the 1st quarter. Signaturefd LLC now owns 510 shares of the company’s stock worth $58,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 72.82% of the company’s stock.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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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