Royal Caribbean Cruises (NYSE:RCL) issued an update on its first quarter 2020
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.80-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. Royal Caribbean Cruises also updated its FY 2020
Pre-Market guidance to 10.40-10.70 EPS.
Several equities analysts have issued reports on the company. Macquarie raised Royal Caribbean Cruises from a neutral rating to an outperform rating and raised their price objective for the stock from $126.00 to $132.00 in a report on Friday, October 18th. ValuEngine raised Royal Caribbean Cruises from a sell rating to a hold rating in a report on Friday, January 31st. SunTrust Banks dropped their price objective on Royal Caribbean Cruises from $157.00 to $156.00 and set a buy rating on the stock in a report on Thursday, January 30th. Deutsche Bank reaffirmed a buy rating and set a $138.00 price objective on shares of Royal Caribbean Cruises in a report on Thursday, October 31st. Finally, Cfra raised their price objective on Royal Caribbean Cruises from $120.00 to $135.00 and gave the stock a buy rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $143.15.
Shares of RCL traded down $0.07 during mid-day trading on Wednesday, hitting $117.93. 1,559,566 shares of the company’s stock were exchanged, compared to its average volume of 1,924,164. Royal Caribbean Cruises has a fifty-two week low of $100.47 and a fifty-two week high of $135.32. The firm has a market capitalization of $24.40 billion, a P/E ratio of 12.90, a P/E/G ratio of 1.13 and a beta of 1.45. The business’s 50 day moving average is $129.53 and its two-hundred day moving average is $116.18. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 0.79.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, February 4th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.01. Royal Caribbean Cruises had a net margin of 17.85% and a return on equity of 17.67%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that Royal Caribbean Cruises will post 9.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 20th were paid a dividend of $0.78 per share. This is an increase from Royal Caribbean Cruises’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.65%. Royal Caribbean Cruises’s dividend payout ratio is 35.21%.
In other news, CEO Lawrence R. Pimentel sold 10,928 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $120.00, for a total transaction of $1,311,360.00. Following the completion of the transaction, the chief executive officer now directly owns 58,335 shares of the company’s stock, valued at approximately $7,000,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $131.07, for a total transaction of $2,621,400.00. Following the transaction, the chief executive officer now directly owns 787,850 shares of the company’s stock, valued at $103,263,499.50. The disclosure for this sale can be found here. Insiders have sold 50,928 shares of company stock valued at $6,343,760 in the last quarter. Insiders own 13.07% of the company’s stock.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea 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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