News articles about Royal Caribbean Cruises (NYSE:RCL) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Royal Caribbean Cruises earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2696310866631 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Royal Caribbean Cruises (NYSE:RCL) traded up $1.10 during trading hours on Tuesday, hitting $120.38. The stock had a trading volume of 1,317,492 shares, compared to its average volume of 1,121,046. The firm has a market capitalization of $25,770.00, a price-to-earnings ratio of 16.07, a P/E/G ratio of 0.71 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. Royal Caribbean Cruises has a 1-year low of $82.72 and a 1-year high of $133.75.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $3.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up .2% on a year-over-year basis. analysts expect that Royal Caribbean Cruises will post 7.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Wednesday, December 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 32.04%.
Several research analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and set a $139.00 price target (up previously from $129.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, November 8th. Deutsche Bank lifted their price target on Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Buckingham Research lifted their price target on Royal Caribbean Cruises from $149.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reissued a “buy” rating and issued a $126.00 target price on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $127.28.
In related news, CEO Richard D. Fain sold 20,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the transaction, the chief executive officer now owns 895,416 shares of the company’s stock, valued at $110,816,684.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 60,000 shares of company stock worth $7,449,200 in the last ninety days. 15.30% of the stock is currently owned by corporate insiders.
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).
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