New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 27, 2014
08:40 EDTRCLRoyal Caribbean sees FY14 adjusted EPS $3.20-$3.40, consensus $3.14
Net Yields are expected to increase 2% to 3% on a Constant-Currency basis. NCC excluding fuel are expected to be flat to slightly down on a Constant-Currency basis. The remaining restructuring and related charges are expected to be approximately $23M in 2014. In the fourth quarter of 2014, Royal Caribbean International will take delivery of QUANTUM OF THE SEAS, its first newbuild since 2010. In addition, TUI Cruises, the company's German joint venture will take delivery of its first newbuild this spring. First quarter yields are expected to be approximately flat on a Constant-Currency basis. Based on today's fuel prices the company has included $242 million and $944 million of fuel expense in its first quarter and full year 2014 guidance, respectively. Based upon current ship orders, projected capital expenditures for 2014, 2015, 2016 and 2017 are $1.3 billion, $1.3 billion, $2.1 billion and $0.3 billion, respectively. Capacity increases for 2014, 2015, 2016 and 2017 are expected to be 1.7%, 6.9%, 6.7% and 4.1%, respectively.
News For RCL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2015
10:59 EDTRCLHSBC sees Carnival revenue yield topping guidance, starts at buy
HSBC initiated coverage of cruise operator Carnival (CCL) with a Buy rating, saying that the company's net revenue yield should surpass its guidance. WHAT'S NEW: Increases in Carnival's on-board revenue, combined with its greater price discipline, should enable the cruise operator's net revenue yield to beat expectations going forward, according to HSBC analyst Lena Thakkar. Other factors that should help the company's net revenue yield grow faster than that of its peers include its expansion in China, its major marketing push and new destinations it has added, according to Thakkar. Moreover, Carnival can reduce its costs that are currently "uncoordinated," including flights and hotels for its crews and its port costs, Thakkar believes. The cruise operator may beat its guidance for a "slight increase" in its costs next year, predicted the analyst, who set a $60 price target on the shares. OTHERS TO WATCH: Other prominent cruise operators include Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH). PRICE ACTION: In late morning trading, Carnival rose 1.4% to $51.09.
November 17, 2015
14:22 EDTRCLRoyal Caribbean initiated with an Outperform at Wolfe Research
Target $113.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use