Royal Caribbean Cruises Ltd. Co (NYSE:RCL):
Royal Caribbean To Hold Conference Call On Third Quarter 2016 Earnings.
In the market the company is trading up by 9.42% since yesterday’s close of $68.06.
Royal Caribbean Cruises Ltd. Co also announced a dividend which was paid on Thursday October 13th, 2016. The dividend payment was $0.480 per share for the quarter which is $1.92 annualized. The dividend yield was $2.75. The ex-dividend date was Tuesday the 27th of September 2016.
It is trading at $74.47 which is a tad above $70.91, the 50 day moving average and which is marginally over the 200 day moving average of $72.89. The 50 day moving average moved up $3.56 whereas the 200 day average was up by +2.16%.
The company’s P/E ratio is 21.25 and market capitalization is 16.03B. In the latest earnings report the EPS was $3.50 and is estimated to be $6.02 for the current year with 215,264,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.25 and the next full year EPS is anticipated to be $6.90.
A few investment analysts have issued ratings on RCL of late. Equity analyst JP Morgan 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 stock rating was downgraded to “Neutral” from “Overweight” and a price target of $73.00 was set by analysts at JP Morgan.
On October 4, 2016 Macquarie added RCL to its research portfolio giving it an initial rating of “Outperform”. October 3 investment analysts at Citigroup maintained a stock rating of “Buy” but lowered the price expectation to $91.00 from $107.00.
Equity analyst Deutsche Bank began coverage of the stock setting a rating of “Hold” and setting a price target of $81.00. On September 9 analysts at Bernstein began coverage of RCL with a rating of “Outperform” and projecting a price target of $90.00.