|Bid||95.01 x 800|
|Ask||0.00 x 800|
|Day's Range||113.09 - 114.79|
|52 Week Range||89.48 - 133.60|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||12.96|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||3.12 (2.73%)|
|1y Target Est||141.24|
Normura reiterated a buy rating on both Royal Caribbean and Norwegian, but said Hurricane Dorain could have an impact on sector earnings. Yahoo Finance's Jared Blikre joins Akiko Fujita on The Ticker to discuss.
Most of the cruise operators are bearing the brunt of high expenses for quite some time. Increase in oil prices will further elevate their expenses.
Royal Caribbean Cruises will debut its newest ship, Odyssey of the Seas, in Fort Lauderdale next year. The ship is set to make its maiden voyage from Port Everglades Nov. 5, 2020, according to the Miami-based cruise line's website. Port Everglades will serve as its homeport and the ship will split its time between South Florida and Europe.
Shares of cruise ship operators slumped in midday trading Monday, amid concerns that the spike in crude oil prices could act as a drag on earnings. Carnival Corp.'s stock fell 2.6%, Royal Caribbean Cruises Ltd. shares lost 1.3% and Norwegian Cruise Line Holdings Ltd. shares dropped 2.2%, all underperforming the S&P 500's 0.5% decline. Crude oil futures shot up 11.5% after the weekend attack on Saudi Aramco's Abqaig oil processing plant. Instinet analyst Harry Curtis said the impact on earnings for cruise operators depends on how long it takes to get full production at the oil processing plant up and running. He estimates a sustained 10% jump in oil prices could cut annual earnings for Carnival by 24 cents a share, Royal Caribbean by 17 cents a share and Norwegian by 9 cents a share. "If the production gap is filled within days rather than weeks or months, then we believe close-in weakness in the stocks...should be viewed as a buying opportunity, much like the temporary impact of hurricanes," Curtis wrote in a note to clients.
The attacks are a short-term headwind for U.S. cruise-ship operators, but the impact could be more severe if disruption lasts weeks or months, says Nomura Instinet. The major cruise operators—Carnival, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings—were swimming in red on Monday morning.
The construction of Royal Caribbean Cruises’ headquarters at PortMiami has begun, according to the contractors in charge of the job. The Miami-based cruise company (NYSE: RCL) is building a $300 million facility through new construction and renovations to its existing building. Miami-based Central Civil Construction said it has started the demolition, underground utility relocations, and building pad foundation.
MIAMI, Sept. 13, 2019 /PRNewswire/ -- Royal Caribbean International will dial up the adventure in South Florida in fall 2020 with the debut of the highly anticipated Odyssey of the Seas – the first Quantum Ultra Class ship to arrive in North America. The global cruise line's 27th ship will arrive to her seasonal homeport of Fort Lauderdale, FL in November 2020 to offer 8- and 6-night Caribbean cruises. Odyssey will then continue her inaugural year in Europe for summer 2021.
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Chairman & CEO of Royal Caribbean Cruises (30-Year Financial, Insider Trades) Richard D Fain (insider trades) sold 20,000 shares of RCL on 09/05/2019 at an average price of $105.66 a share. Continue reading...
MIAMI , Sept. 6, 2019 /PRNewswire/ -- The Board of Directors of Royal Caribbean Cruises Ltd. (NYSE: RCL) today declared a quarterly dividend of $0.78 per common share payable on October 11, 2019, to shareholders ...
The Zacks Analyst Blog Highlights: Norwegian Cruise, Royal Caribbean, Lowe's, Home Depot and Owens
Miami-area firms rallied in support of the Bahamas in the aftermath of Hurricane Dorian's devastation, especially cruise companies.
As Hurricane Dorian hits the Bahamas, shares of cruise companies and hotels fell as tourism stalled and insurance shares dropped as the companies released money for damage relief.
To make sure our donations go where they can do the most good, we are collaborating with the Bahamian government and our non-profit partner, the Pan American Development Foundation (PADF), and a network of Bahamian charities and other local organizations, including the Bahamas Feeding Network.
Hurricane Dorian, now a Category 2 storm, has spent the last 24 hours battering the Bahamas, a popular destination for South Florida-based cruise companies. As the hurricane approached, Doral-based Carnival Corp. (NYSE: CCL), Miami-based Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH) and Miami-based Royal Caribbean Cruises Ltd. (NYSE: RCL) were forced to reroute ships and cancel itineraries to avoid the storm. In addition to the impact the storm had on the Bahamas, PortMiami in Miami and Port Everglades in Fort Lauderdale closed in anticipation of the hurricane's effects on the Florida coast.
Hurricane Dorian is expected to nick the 2019 earnings of three major U.S. cruise operators by 5 cents a share, according to a research note out Tuesday.
Abercrombie & Kent has a new CEO following a recent change in ownership. In February this year, Manfredi Lefebvre d’Ovidio, the former owner of the Silversea cruise line, announced the purchase of an 85 percent stake in the luxury tour operator for an undisclosed figure. Now Lefebvre has brought in Amerigo Perasso, who spent 14 […]
It's easy to forget when looking at charts that what often drives extraordinary stock performance is something basic and hard to see on the charts: Innovation.