Royal Caribbean Cruises Ltd. Co (NYSE:RCL):
Royal Caribbean Reports Solid Third Quarter Results And Remains On Path To The Double-Double.
The company is now up by 9.42 percent from yesterday’s close.
Additionally Royal Caribbean Cruises Ltd. Co declared a dividend for shareholders that was paid on Thursday the 13th of October 2016. The dividend payment was $0.480 per share for the quarter or $1.92 on an annualized basis. This dividend represents a yield of $2.75. The ex-dividend date was Tuesday the 27th of September 2016.
Company chares are trading at $74.47 which is just over the 50 day moving average which is $70.91 and barely above the 200 day moving average of $72.89. The 50 day moving average was up $3.56 or +5.01% and the 200 day average went up by +2.16%.
Royal Caribbean Cruises Ltd. Co’s P/E ratio is 21.25 and the market value is 16.03B. In the last earnings report the EPS was $3.50 and is projected to be $6.02 for the current year with 215,264,000 shares now outstanding. Next quarter’s EPS is estimated at $1.25 and the next full year EPS is projected to be $6.90.
A few Wall Street analysts have issued ratings on the stock recently. JP Morgan both downgraded the stock and lowered the price target on October 27 changing the price objective from $90.00 to $73.00 and changing the rating from “Overweight” to “Neutral”. On October 27 the company was downgraded from “Overweight” to “Neutral” with a current price target of $73.00 in a report from JP Morgan.
On October 4, 2016 Macquarie initiated coverage on RCL giving it an initial rating of “Outperform”. On October 3 Citigroup maintained a stock rating of “Buy” and lowered the price expectation to $91.00 from $107.00.
On September 29 analysts at Deutsche Bank started coverage setting a rating of “Hold” and a price target of $81.00. Equity analyst Bernstein started covering RCL with an initial rating of “Outperform” and establishing a price target of $90.00.