Royal Caribbean Cruises Ltd. (NYSE:RCL) – Research analysts at William Blair dropped their FY2017 earnings per share (EPS) estimates for shares of Royal Caribbean Cruises in a research note issued to investors on Monday. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $7.42 for the year, down from their prior forecast of $7.45. William Blair also issued estimates for Royal Caribbean Cruises’ Q4 2017 earnings at $1.28 EPS.

A number of other analysts also recently issued reports on RCL. J P Morgan Chase & Co raised shares of Royal Caribbean Cruises from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $111.00 to $130.00 in a report on Thursday, July 20th. Bank of America Corporation started coverage on shares of Royal Caribbean Cruises in a research report on Monday, July 24th. They issued a “neutral” rating and a $123.00 target price on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Royal Caribbean Cruises in a research report on Monday, July 24th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded 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 report on Thursday, July 27th. Finally, BidaskClub cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.04.

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Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. Royal Caribbean Cruises had a net margin of 17.73% and a return on equity of 16.71%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 earnings per share.

Several institutional investors have recently added to or reduced their stakes in RCL. TLP Group LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $105,000. Acrospire Investment Management LLC grew its holdings in shares of Royal Caribbean Cruises by 25.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $109,000 after buying an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth $119,000. NEXT Financial Group Inc grew its holdings in shares of Royal Caribbean Cruises by 9.0% during the second quarter. NEXT Financial Group Inc now owns 1,090 shares of the company’s stock worth $119,000 after buying an additional 90 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $121,000. 71.25% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $118.95, for a total transaction of $2,379,000.00. Following the completion of the transaction, the chief executive officer now directly owns 947,741 shares of the company’s stock, valued at approximately $112,733,791.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 7,580 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $119.61, for a total transaction of $906,643.80. Following the transaction, the executive vice president now directly owns 23,493 shares of the company’s stock, valued at $2,809,997.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,580 shares of company stock valued at $10,273,944. Company insiders own 15.30% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.94%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, September 21st. Royal Caribbean Cruises’s payout ratio is presently 33.71%.

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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