Royal Caribbean Cruises Ltd. (NYSE:RCL) – Equities research analysts at Wedbush boosted their FY2017 earnings estimates for Royal Caribbean Cruises in a research report issued on Wednesday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $7.41 for the year, up from their previous estimate of $7.30. Wedbush has a “Outperform” rating and a $139.00 price target on the stock.

A number of other equities analysts have also recently commented on RCL. J P Morgan Chase & Co raised shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $111.00 to $130.00 in a report on Thursday, July 20th. Bank of America Corporation began coverage on shares of Royal Caribbean Cruises in a research note on Monday, July 24th. They issued a “neutral” rating and a $123.00 price objective on the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of Royal Caribbean Cruises in a research note on Monday, July 24th. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Thursday, July 27th. Finally, BidaskClub cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $125.75.

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Royal Caribbean Cruises (RCL) opened at $124.22 on Friday. The company has a market cap of $26,620.00, a price-to-earnings ratio of 17.38, a PEG ratio of 0.78 and a beta of 1.07. Royal Caribbean Cruises has a 1-year low of $78.77 and a 1-year high of $133.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.12.

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

Several institutional investors have recently added to or reduced their stakes in RCL. Wellington Management Group LLP boosted its position in shares of Royal Caribbean Cruises by 148.2% in the 1st quarter. Wellington Management Group LLP now owns 13,379 shares of the company’s stock worth $1,313,000 after buying an additional 7,988 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Royal Caribbean Cruises by 4.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,150 shares of the company’s stock worth $603,000 after buying an additional 250 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth about $119,000. HighTower Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth about $215,000. Finally, Janus Capital Management LLC boosted its position in shares of Royal Caribbean Cruises by 75.5% in the 1st quarter. Janus Capital Management LLC now owns 50,402 shares of the company’s stock worth $4,945,000 after buying an additional 21,680 shares in the last quarter. Institutional investors and hedge funds own 71.12% of the company’s stock.

In related news, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $125.70, for a total value of $2,514,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Harri U. Kulovaara sold 7,580 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $119.61, for a total transaction of $906,643.80. Following the completion of the sale, the executive vice president now owns 23,493 shares in the company, valued at $2,809,997.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,580 shares of company stock worth $8,225,444. Corporate insiders own 15.30% of the company’s stock.

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).

Earnings History and Estimates for Royal Caribbean Cruises (NYSE:RCL)

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