Hurricane Irma cancels cruises, ships return early to Port Canaveral

Randall Padilla
September 11, 2017

The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.67 by $0.04. Royal Caribbean, Carnival and other lines have canceled nearly every sailing out of Florida scheduled through Monday. The correct version of this story can be viewed at https://stocknewstimes.com/2017/09/08/legal-general-group-plc-raises-position-in-royal-caribbean-cruises-ltd-rcl.html. 154.14 million shares or 3.51% more from 148.91 million shares in 2016Q3 were reported. Alyeska Investment Grp Lp has invested 0.04% in Royal Caribbean Cruises Ltd (NYSE:RCL). Hudson Canyon Counselors Ltd has 1.04% invested in Royal Caribbean Cruises Ltd (NYSE:RCL). Mckinley Cap Mgmt Limited Com Delaware owns 218,966 shares for 0.08% of their portfolio. Oclaro Inc had 28 analyst reports since August 18, 2015 according to SRatingsIntel. The correct version of this news story can be read at https://www.truebluetribune.com/2017/09/10/robeco-institutional-asset-management-b-v-has-4-77-million-position-in-royal-caribbean-cruises-ltd-rcl.html. Goldman Sachs Grp Incorporated invested 0.01% in Royal Caribbean Cruises Ltd (NYSE:RCL). Decatur Capital Management Inc acquired 4,193 shares as Royal Caribbean Cruises Ltd (RCL)'s stock rose 11.49%. Investors of record on Friday, September 22nd will be given a dividend of $0.60 per share.

Based on known cancellations that entail refunds as of Wednesday morning, the brokerage estimated a 1-cent per share impact to Carnival Corp., a 1-cent to 2-cent impact for Royal Caribbean Cruises Ltd. and a 5-cent to 6-cent impact for Norwegian Cruise Line Holdings. The Lowe Brockenbrough & Company Inc holds 12,516 shares with $1.03 million value, down from 64,199 last quarter. Kcg has invested 0.02% in Royal Caribbean Cruises Ltd (NYSE:RCL). Dana Investment Inc invested in 233,686 shares. Bulldog Investors Ltd reported 0.11% in Herzfeld Caribbean Basin Fund, Inc (NASDAQ:CUBA). Kulovaara Harri U sold $827,970 worth of stock or 7,527 shares. Royal Caribbean Cruises has a 1 year low of $65.10 has a 1 year high of $125.00. The stock has a market capitalization of $25.26 billion, a price-to-earnings ratio of 16.48 and a beta of 1.03. Wolfe Research has "Outperform" rating and $113 target. (NYSE:NMFC) has risen 17.77% since September 9, 2016 and is uptrending. It has outperformed by 21.52% the S&P500. BidaskClub lifted Royal Caribbean Cruises from a buy recommendation to a strong-buy recommendation in a analysis note on early Thur, Aug 17th. Therefore 100% are positive.

"We are being forthcoming with guests that we're not certain where or when we will be able to return back to port", Picariello said, adding that the ship may try to make a port of call if it's safe to do so "but if not, guests will enjoy a cruise to nowhere and be able to be safe and out of the storm". The company presently has a consensus rating of "Buy" and a consensus price target of $90.86. The rating was upgraded by Argus Research to "Buy" on Monday, January 30. JP Morgan maintained it with "Neutral" rating and GBX 566 target in Thursday, May 5 report. The firm earned "Hold" rating on Thursday, September 29 by Deutsche Bank.

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