William Blair Analysts Lower Earnings Estimates for Royal Caribbean Cruises Ltd (RCL)

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Royal Caribbean Cruises Ltd (NYSE:RCL) – Analysts at William Blair lowered their FY2018 earnings estimates for Royal Caribbean Cruises in a research report issued to clients and investors on Thursday, October 25th. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $8.83 for the year, down from their prior forecast of $8.90. William Blair also issued estimates for Royal Caribbean Cruises’ Q4 2018 earnings at $1.50 EPS, Q1 2019 earnings at $1.24 EPS, Q2 2019 earnings at $2.32 EPS, Q3 2019 earnings at $4.47 EPS and FY2020 earnings at $11.07 EPS.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, October 25th. The company reported $3.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.97 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Royal Caribbean Cruises had a net margin of 19.46% and a return on equity of 16.93%.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $147.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research cut shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. ValuEngine upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Nomura dropped their price target on shares of Royal Caribbean Cruises from $153.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Bank of America upped their price target on shares of Royal Caribbean Cruises from $138.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and an average target price of $140.33.

RCL opened at $101.81 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.74 and a beta of 1.17. Royal Caribbean Cruises has a twelve month low of $97.48 and a twelve month high of $135.65.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Friday, September 21st were paid a dividend of $0.70 per share. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 37.18%.

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 6,600 shares of the stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $125.55, for a total value of $828,630.00. Following the sale, the executive vice president now directly owns 26,165 shares in the company, valued at approximately $3,285,015.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RCL. Principal Financial Group Inc. lifted its stake in Royal Caribbean Cruises by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 484,214 shares of the company’s stock worth $57,011,000 after purchasing an additional 12,603 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Royal Caribbean Cruises by 32.0% in the 1st quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $271,000 after purchasing an additional 901 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Royal Caribbean Cruises by 27.4% in the 1st quarter. Suntrust Banks Inc. now owns 9,953 shares of the company’s stock worth $1,170,000 after purchasing an additional 2,139 shares in the last quarter. Abner Herrman & Brock LLC lifted its stake in Royal Caribbean Cruises by 1.3% in the 2nd quarter. Abner Herrman & Brock LLC now owns 84,655 shares of the company’s stock worth $8,770,000 after purchasing an additional 1,061 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in Royal Caribbean Cruises by 2.5% in the 2nd quarter. CENTRAL TRUST Co now owns 47,440 shares of the company’s stock worth $4,915,000 after purchasing an additional 1,153 shares in the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

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

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