Royal Caribbean Posts 4Q Profit

Revenue in the quarter rose 4.4 percent to $1.9 billion from a year ago. The company says it plans to earn 30 cents a share on an adjusted basis in the current quarter, which is 23% lower than what analysts were forecasting, says S&P Capital IQ. Orrstown Financial Services Inc. increased its stake in Royal Caribbean Cruises by 5.2% in the fourth quarter. Finally, William Blair reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Friday, January 22nd. Royal Caribbean Cruises Ltd. (Symbol: RCL) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.

Royal Caribbean fell 15% and Norwegian Cruise Lines 8.6% on Tuesday after Royal Caribbean’s guidance for 2016 arrived below expectations, with strong United States dollar and higher interest rates cited as drags on earnings. Russell Frank Co now owns 1,305,333 shares of the company’s stock worth $134,102,000 after buying an additional 692,073 shares during the period.

2/3/2016 – Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Wells Fargo. The company is expected to next report earnings on or around June 2016, according to available public information. The ratio improved, as 51 funds sold all their Royal Caribbean Cruises Ltd shares they owned while 143 reduced their positions. That compared with $109.7 million, or 49 cents, the year before, the company announced. Investors of record on Monday, December 21st were paid a $0.375 dividend. Adjusted profit, excluding the impairment charges, was $755.7 million, or $3.39 a share, Royal Caribbean said in an earnings release. The consensus estimates are for EPS of $0.46 and $6.27.

Royal Caribbean Cruises had its “buy” rating reaffirmed by analysts at Nomura. Also, On Nov 2, 2015, Jorge Vilches (President & CEO, Pullmantur) sold 1,035 shares at $98.50 per share price. The ex-dividend date was Thursday, December 17th. The company’s combined capacity in these markets is estimated at approximately 13.5 percent for 2016. LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $58,292,000. The Company’s ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents.

The company’s North American product, its strength in Northern Europe and its Asian product should more than offset the price challenges in its Mediterranean, Australia and Brazil business, the firm continued.