Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Royal Caribbean Cruises (RCL) Share Price
Media headlines about Royal Caribbean Cruises (NYSE:RCL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Royal Caribbean Cruises earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.068641729164 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Dividend Coverage: This Global Cruise Vacation Company raised its Dividend by 25%; Will Trade Ex-Dividend on September 21, 2017 (finance.yahoo.com)
- Royal Caribbean Cruises, STI to build school for seafarers | Inquirer … – Inquirer.net (business.inquirer.net)
- Maria Gains Strength on Path to Virgin Islands, Puerto Rico (finance.yahoo.com)
- BRIEF-STI Education Systems unit partners with Royal Caribbean Cruises Ltd (reuters.com)
- Irma creates bittersweet travel bonus for luckier Caribbean islands (CCL, RCL, DIS, AC, CCL) – Markets Insider (markets.businessinsider.com)
Royal Caribbean Cruises (RCL) opened at 115.54 on Thursday. The company has a market cap of $24.85 billion, a P/E ratio of 16.21 and a beta of 1.03. The firm’s 50 day moving average is $120.04 and its 200 day moving average is $109.23. Royal Caribbean Cruises has a 12-month low of $67.06 and a 12-month high of $125.00.
Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Royal Caribbean Cruises will post $7.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. Royal Caribbean Cruises’s payout ratio is currently 26.97%.
Several research firms have recently commented on RCL. Zacks Investment Research upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Friday, September 1st. BidaskClub upgraded Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Wedbush restated an “outperform” rating and issued a $129.00 price objective (up from $125.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. UBS AG restated a “buy” rating and issued a $131.00 price objective (up from $112.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, August 8th. Finally, Goldman Sachs Group, Inc. (The) lowered Royal Caribbean Cruises to a “sell” rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $118.49.
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In other news, EVP Harri U. Kulovaara sold 7,580 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were 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 of the company’s stock, valued at $2,809,997.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $121.29, for a total transaction of $2,425,800.00. Following the sale, the chief executive officer now directly owns 927,741 shares of the company’s stock, valued at approximately $112,525,705.89. The disclosure for this sale can be found here. Insiders have sold 480,079 shares of company stock valued at $56,139,855 in the last three months. Corporate insiders own 15.30% of the company’s stock.
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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