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May 9, 2014
05:49 EDTRCLRoyal Caribbean orders fourth Oasis-class vessel
Royal Caribbean announced that it has agreed with STX France to move forward on the order of a fourth Oasis-class ship for delivery in 2018. The order is subject to documentation and satisfaction of financing and other customary conditions. Projected capital expenditures for 2014, 2015, 2016, 2017 and 2018 are $1.4B, $1.4B, $2.2B, $300M and $1.5B, respectively, taking into account this order and existing ship orders.
News For RCL From The Last 14 Days
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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.

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