Royal Caribbean Cruises Ltd (NYSE:RCL) – Research analysts at Wedbush lowered their Q3 2018 EPS estimates for shares of Royal Caribbean Cruises in a report released on Tuesday, September 25th. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $3.96 for the quarter, down from their prior forecast of $3.97. Wedbush also issued estimates for Royal Caribbean Cruises’ Q4 2018 earnings at $1.49 EPS, FY2018 earnings at $8.91 EPS and FY2019 earnings at $10.27 EPS.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.97 by $0.30. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Royal Caribbean Cruises had a net margin of 19.31% and a return on equity of 16.50%. Royal Caribbean Cruises’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.71 earnings per share.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday, August 8th. ValuEngine upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Susquehanna Bancshares raised their target price on shares of Royal Caribbean Cruises from $142.00 to $146.00 and gave the company a “positive” rating in a research note on Friday, June 15th. Morgan Stanley lowered their target price on shares of Royal Caribbean Cruises from $130.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 5th. Finally, Citigroup lowered their target price on shares of Royal Caribbean Cruises from $138.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $141.53.

Shares of RCL opened at $129.32 on Thursday. The company has a market capitalization of $27.04 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.92 and a beta of 1.18. Royal Caribbean Cruises has a twelve month low of $101.20 and a twelve month high of $135.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.20 and a quick ratio of 0.18.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Royal Caribbean Cruises by 2.2% during the second quarter. BlackRock Inc. now owns 11,120,672 shares of the company’s stock worth $1,152,098,000 after buying an additional 236,598 shares during the period. FMR LLC lifted its stake in shares of Royal Caribbean Cruises by 16.5% during the second quarter. FMR LLC now owns 5,861,019 shares of the company’s stock worth $607,202,000 after buying an additional 830,047 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Royal Caribbean Cruises by 9.1% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,378,897 shares of the company’s stock worth $280,091,000 after buying an additional 197,746 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Royal Caribbean Cruises by 17.6% during the second quarter. Rockefeller Capital Management L.P. now owns 1,377,895 shares of the company’s stock worth $142,750,000 after buying an additional 206,047 shares during the period. Finally, Vontobel Asset Management Inc. lifted its stake in shares of Royal Caribbean Cruises by 443.4% during the second quarter. Vontobel Asset Management Inc. now owns 1,346,249 shares of the company’s stock worth $143,300,000 after buying an additional 1,098,502 shares during the period. Institutional investors and hedge funds own 70.99% of the company’s stock.

In other news, EVP Harri U. Kulovaara sold 6,600 shares of Royal Caribbean Cruises stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total transaction of $828,630.00. Following the completion of the sale, the executive vice president now directly owns 26,165 shares in the company, valued at $3,285,015.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 15.26% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 21st will be paid a dividend of $0.70 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, September 20th. Royal Caribbean Cruises’s payout ratio is presently 37.18%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club 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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Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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