|Bid||115.01 x 800|
|Ask||115.05 x 900|
|Day's Range||113.46 - 115.63|
|52 Week Range||89.48 - 133.60|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||13.04|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||3.12 (2.75%)|
|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.
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.
(Bloomberg) -- After slipping past Puerto Rico, Hurricane Dorian is heading with gathering force toward Florida’s east coast where it may bring 115 mile-per-hour winds and drenching rain when it hits there sometime early next week.Dorian is set to be the first major hurricane to slam into Florida’s east coast in 15 years. It reached St. Croix and St. Thomas in the U.S. Virgin Islands Wednesday afternoon, according to the U.S. National Hurricane Center in Miami, and is expected to stay over the water, gaining strength in its northwest march toward Florida.While Puerto Rico’s east end saw heavy rain from the storm’s outer bands, the main part of the island remained largely unaffected, easing concern Dorian might further devastate an island still recovering from Hurricane Maria’s 155 mph winds in 2017. Now, Florida is in Dorian’s crosshairs, spurring concern from residents, vacationers and citrus farmers.“Really anybody from Miami to Myrtle Beach has to be on guard for this,” said Jake Sojda, a meteorologist with AccuWeather Inc. in State College, Pennsylvania. The error rate for storm projections five days out is usually about 200 miles, he said.While the official forecast has Dorian reaching Category 3 strength, Ryan Truchelut, president of Weather Tiger LLC in Tallahassee, Florida, said it could grow stronger as it approaches central or southern Florida early next week.“I am looking at the environment that this is going to be in, and I don’t see what is going to limit it to just a Category 3,” Truchelut said by telephone. “A Category 3 is probably a fairly conservative estimate at this point.”Heavy rain was hitting the U.S. Virgin Islands Wednesday afternoon, with sustained winds of around 80 mph, the National Hurricane Center reported at 5 p.m. New York time. The high winds extended outward up to 15 miles, according to the center, with lesser winds reaching 80 miles outward. The storm’s outer bands are expected to produce 4 inches to 6 inches of rain in eastern Puerto Rico, the center reported.Once it gets north of the islands, “all indications are it will go through at least one period of rapid intensification over the next two days, and be a major hurricane by the end of the week,” said Jeff Masters, co-founder of Weather Underground, an IBM business.The last major hurricane to make landfall along the central coast of Florida carrying winds of 111 mph or more was Jeanne in 2004, said Phil Klotzbach, a hurricane researcher with Colorado State University. Dorian is threatening to become the strongest storm to hit anywhere in Florida since Hurricane Michael last year.If Dorian moves into central Florida, citrus growers “should be concerned because the event would bring a lot of rain and probably strong winds,” said Donald Keeney, senior agricultural meteorologist at Gaithersburg, Maryland-based Maxar. The state’s biggest producing counties include Hendry, DeSoto, Polk and Highlands, all located in that region.Dan Richey, president and chief executive officer at Riverfront Packing Co. in Vero Beach, has reasons to be concerned. His company, which has 4,000 acres planted mostly with grapefruit, oranges and lemons, was last hit badly in 2004 by hurricanes Jeanne and Frances, when the company lost between 60% to 70% of the crop.While Dorian is a smaller storm, “if it follows the current path, it will be quite devastating and impactful to the entire industry,” he said in a telephone interview. His company is draining fields in preparation for a deluge, he said. Orange-juice futures in New York rose to a seven-week high as crop concerns escalated.SeaWorld Entertainment Inc. said it has no plans to close its central Florida theme parks at this point. Walt Disney Co. didn’t immediately reply to a request for comment.Carnival Corp., the world’s largest cruise line, has changed the schedules of four of its ships, steering clear of San Juan, for example, as well as the Dominican Republic.Royal Caribbean Cruises Ltd., the industry’s second-largest player, has closed its recently remodeled private island in the Bahamas, CocoCay, and won’t reopen it until Sept. 4. The company said over 400 people work on the island, and they need to go home to secure their homes and take care of their families. Passengers who prepaid for activities on that island will get refunds.(Adds comments from companies in last three paragraphs.)\--With assistance from Michael Deibert, Sharon Cho, Bill Lehane, Mark Chediak and Christopher Palmeri.To contact the reporters on this story: Brian K. Sullivan in Boston at email@example.com;Will Wade in New York at firstname.lastname@example.org;Marvin G. Perez in New York at email@example.comTo contact the editors responsible for this story: Tina Davis at firstname.lastname@example.org, Reg Gale, Patrick McKiernanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Royal Caribbean Cruises Ltd. and MSC Cruises are the latest companies to be sued after the Trump administration's Cuba policy change.
President Donald Trump lashed out at Puerto Rico on Wednesday, calling it "one of the most corrupt places on earth" before an approaching hurricane skirted the U.S. territory, stirring up memories of previous devastating storms. Puerto Rico is still struggling to recover from back-to-back hurricanes in 2017 that killed about 3,000 people soon after the island filed for bankruptcy. On Wednesday it escaped fresh disaster as Hurricane Dorian avoided the territory and headed northwest toward Florida.
Investors with a long-term horizong may find it valuable to assess Royal Caribbean Cruises Ltd.'s (NYSE:RCL) earnings...