Royal Caribbean Cruises Ltd. (NYSE:RCL) – Research analysts at SunTrust Banks dropped their FY2017 EPS estimates for Royal Caribbean Cruises in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Scholes now anticipates that the company will post earnings of $7.40 per share for the year, down from their prior forecast of $7.41. SunTrust Banks currently has a “Buy” rating and a $137.00 price target on the stock.

RCL has been the topic of a number of other research reports. Zacks Investment Research raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Friday, September 1st. Deutsche Bank AG lifted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $134.00 price target on shares of Royal Caribbean Cruises in a research note on Thursday, September 7th. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) cut Royal Caribbean Cruises to a “sell” rating in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $126.33.

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Shares of Royal Caribbean Cruises (NYSE RCL) opened at $124.22 on Friday. The company has a market cap of $27,118.64, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.76 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 issued its quarterly earnings results on Tuesday, November 7th. The company reported $3.49 EPS for the quarter, topping the 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 for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business earned $3.20 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up .2% compared to the same quarter last year.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $118.95, for a total value of $2,379,000.00. Following the transaction, the chief executive officer now owns 947,741 shares of the company’s stock, valued at $112,733,791.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Harri U. Kulovaara sold 7,580 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $119.61, for a total value of $906,643.80. Following the completion of the transaction, the executive vice president now directly owns 23,493 shares in the company, valued at approximately $2,809,997.73. The disclosure for this sale can be found here. Insiders have sold 67,580 shares of company stock worth $8,225,444 in the last 90 days. Company insiders own 15.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in RCL. Ameriprise Financial Inc. lifted its stake in Royal Caribbean Cruises by 105.3% in the third quarter. Ameriprise Financial Inc. now owns 3,378,863 shares of the company’s stock valued at $400,541,000 after buying an additional 1,732,995 shares during the period. American Century Companies Inc. raised its position in shares of Royal Caribbean Cruises by 158.3% during the third quarter. American Century Companies Inc. now owns 1,373,175 shares of the company’s stock worth $162,776,000 after purchasing an additional 841,498 shares during the period. Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 4.1% during the second quarter. Vanguard Group Inc. now owns 17,178,558 shares of the company’s stock worth $1,876,413,000 after purchasing an additional 673,608 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Royal Caribbean Cruises by 1,754.5% during the second quarter. PNC Financial Services Group Inc. now owns 684,387 shares of the company’s stock worth $74,756,000 after purchasing an additional 647,483 shares during the period. Finally, Capital Growth Management LP acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $61,933,000. 71.12% of the stock is currently owned by hedge funds and other institutional investors.

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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