Royal Caribbean Cruises Ltd. (NYSE:RCL) – Research analysts at Wedbush lowered their Q3 2017 earnings per share estimates for shares of Royal Caribbean Cruises in a research note issued to investors on Monday. Wedbush analyst J. Hardiman now anticipates that the company will earn $3.35 per share for the quarter, down from their previous estimate of $3.39. Wedbush has a “Outperform” rating and a $129.00 price target on the stock. Wedbush also issued estimates for Royal Caribbean Cruises’ Q4 2017 earnings at $1.25 EPS, FY2017 earnings at $7.30 EPS and FY2018 earnings at $8.62 EPS.

Other research analysts have also recently issued research reports about the company. Nomura raised their target price on Royal Caribbean Cruises from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Buckingham Research raised their target price on Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) raised Royal Caribbean Cruises from a “sell” rating to a “neutral” rating and raised their target price for the company from $99.00 to $115.00 in a research note on Wednesday, August 2nd. J P Morgan Chase & Co raised Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and raised their target price for the company from $111.00 to $130.00 in a research note on Thursday, July 20th. Finally, Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Royal Caribbean Cruises presently has an average rating of “Buy” and a consensus price target of $123.04.

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Shares of Royal Caribbean Cruises (NYSE:RCL) opened at 121.74 on Tuesday. The company has a 50 day moving average of $120.79 and a 200 day moving average of $113.33. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 17.08 and a beta of 0.99. Royal Caribbean Cruises has a 52-week low of $67.53 and a 52-week high of $128.09.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.71 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 22nd were paid a $0.60 dividend. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. This represents a $2.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s dividend payout ratio is currently 33.71%.

In related news, CEO Richard D. Fain sold 210,706 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $115.83, for a total value of $24,406,075.98. Following the completion of the sale, the chief executive officer now directly owns 967,741 shares of the company’s stock, valued at approximately $112,093,440.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bernt Reitan sold 4,793 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $117.22, for a total value of $561,835.46. Following the completion of the sale, the director now directly owns 7,862 shares of the company’s stock, valued at $921,583.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 480,079 shares of company stock valued at $56,461,455. Company insiders own 15.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of RCL. Wellington Management Group LLP raised its stake in shares of Royal Caribbean Cruises by 148.2% during the 1st quarter. Wellington Management Group LLP now owns 13,379 shares of the company’s stock worth $1,313,000 after purchasing an additional 7,988 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 36.5% during the 1st quarter. Teachers Advisors LLC now owns 321,081 shares of the company’s stock worth $31,501,000 after purchasing an additional 85,941 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Royal Caribbean Cruises by 4.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,150 shares of the company’s stock worth $603,000 after purchasing an additional 250 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth about $295,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter worth about $119,000. 71.87% of the stock is owned by 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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