Royal Caribbean Cruises Ltd (NYSE:RCL) – Equities researchers at William Blair dropped their Q4 2019 EPS estimates for shares of Royal Caribbean Cruises in a research note issued on Wednesday, October 30th. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $1.41 for the quarter, down from their prior estimate of $1.45. William Blair also issued estimates for Royal Caribbean Cruises’ Q1 2020 earnings at $1.21 EPS, Q4 2020 earnings at $1.68 EPS and FY2021 earnings at $11.67 EPS.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.31 by ($0.04). Royal Caribbean Cruises had a return on equity of 17.67% and a net margin of 17.85%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period last year, the company posted $3.98 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis.
Shares of RCL stock opened at $113.28 on Monday. Royal Caribbean Cruises has a 12 month low of $89.48 and a 12 month high of $131.04. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.17 and a quick ratio of 0.15. The firm has a market capitalization of $22.81 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.08 and a beta of 1.40. The company’s fifty day moving average price is $108.80 and its two-hundred day moving average price is $114.32.
Institutional investors have recently modified their holdings of the company. Commerce Bank raised its stake in shares of Royal Caribbean Cruises by 2.0% in the 2nd quarter. Commerce Bank now owns 5,190 shares of the company’s stock valued at $629,000 after purchasing an additional 101 shares in the last quarter. Neuburgh Advisers LLC raised its stake in shares of Royal Caribbean Cruises by 37.1% in the 2nd quarter. Neuburgh Advisers LLC now owns 15,136 shares of the company’s stock valued at $1,835,000 after purchasing an additional 4,096 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Royal Caribbean Cruises by 2.9% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 78,358 shares of the company’s stock valued at $9,498,000 after purchasing an additional 2,228 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Royal Caribbean Cruises by 11.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 50,634 shares of the company’s stock valued at $6,137,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Royal Caribbean Cruises by 29.9% in the 2nd quarter. Keybank National Association OH now owns 8,699 shares of the company’s stock valued at $1,054,000 after purchasing an additional 2,001 shares in the last quarter. Institutional investors and hedge funds own 72.62% of the company’s stock.
In other news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $105.66, for a total value of $2,113,200.00. Following the sale, the chief executive officer now owns 865,651 shares in the company, valued at approximately $91,464,684.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lawrence R. Pimentel sold 10,518 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $108.25, for a total transaction of $1,138,573.50. Following the completion of the sale, the chief executive officer now owns 55,909 shares in the company, valued at approximately $6,052,149.25. The disclosure for this sale can be found here. Insiders sold a total of 50,518 shares of company stock worth $5,351,774 in the last quarter. 13.07% of the stock is currently owned by company insiders.
The company also recently disclosed a 0.70000 dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were issued a $0.78 dividend. The ex-dividend date was Thursday, September 19th. This represents a yield of 2.8%. Royal Caribbean Cruises’s dividend payout ratio is currently 35.21%.
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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