Why did Royal Caribbean stock go up?
RCL Fundamentals Were Strong Until Covid-19 Hit Royal Caribbean's revenues rose fairly consistently from $8.8 billion in 2017 to about $11 billion in 2019, as demand for cruises increased. The company's earnings also grew over the period, rising from $7.57 per share to about $8.97 per share.Jan 19, 2022
Is RCL stock a good buy?
The financial health and growth prospects of RCL, demonstrate its potential to underperform the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Why do cruises stock up?
Cruise stocks floated higher on the back of a positive outlook from Norwegian Cruise Line Holdings ( NCLH -1.14% ) Tuesday. Norwegian noted that "net booking volumes have continued to improve sequentially" as the omicron wave of COVID-19 begins to subside.Feb 9, 2022
Will RCL pay dividends again?
Our premium tools have predicted Royal Caribbean Group with 97% accuracy. Sign up for Royal Caribbean Group and we'll email you the dividend information when they declare....Dividend Summary.SummaryPrevious dividendNext dividendEx-div date05 Mar 2020 (Thu)–Pay date06 Apr 2020 (Mon)–4 more rows
Is Royal Caribbean a Buy Sell or Hold?
Royal Caribbean Cruises has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.
Is Royal Caribbean stock a buy or sell?
Is ROYAL CARIBBEAN CRUISES Stock a good buy in 2022, according to Wall Street analysts? The consensus among 9 Wall Street analysts covering (NYSE: RCL) stock is to Buy RCL stock.
Why is cruise stock dropping today?
The value of cruise line stocks plunged on Monday as investors weighed multiple headwinds heading the industry's way. Not only are oil prices spiking, but there's also concern that Russia's invasion of Ukraine could sink consumer discretionary spending on things like cruises.Mar 7, 2022
Will Carnival cruise line stock go up?
Carnival's stock is also trading at about 50% below pre-Covid levels seen in February 2020. Investors might be seeing some value here, given that Carnival is likely to see revenue rise to about 70% of 2019 levels by this year and to almost 95% of 2019 levels by 2023, per consensus estimates.Jan 14, 2022
Why is CCL stock down?
Cruiseline stocks saw a big sell-off on Friday, as the World Health Organization designated a new strain of the novel coronavirus that was first identified in southern Africa as “a variant of concern.” Carnival stock (NYSE: CCL), the largest cruise line operator in the U.S., dropped almost 11% in Friday's trading.Dec 9, 2021
Is Royal Caribbean a dividend stock?
Feb 18 (Reuters) - Royal Caribbean Cruises Ltd said on Thursday it has been restricted from paying cash dividends and buying back shares until the third quarter of 2022, as part of modifications to covenants of certain loan agreements.Feb 18, 2021
What is RCL dividend?
Historical dividend payout and yield for Royal Caribbean Cruises (RCL) since 1995. The current TTM dividend payout for Royal Caribbean Cruises (RCL) as of April 14, 2022 is $0.00. The current dividend yield for Royal Caribbean Cruises as of April 14, 2022 is 0.00%.
Which stock has the highest dividend?
Dividend stocks distribute a portion of the company's earnings to investors on a regular basis....25 high-dividend stocks.SymbolCompany NameDividend YieldCVXChevron Corp3.48%PFGPrincipal Financial Group Inc3.48%DLRDigital Realty Trust Inc3.44%HASHasbro Inc.3.41%20 more rows•Apr 1, 2022
Profits and losses aren't everything
The reason Royal Caribbean's stock went up after posting a big loss is a reflection of how the stock market works, and what investors look for in any company.
What did Royal Caribbean do right?
Mr. Kline explains why Royal Caribbean's stock jumped, despite the loss."In the case of RCL, the loss was expected but the picture going forward looks optimistic. People are buying shares based on that optimism."
What happened
Cruise tourism stocks Royal Caribbean (NYSE: RCL), Carnival Corporation (NYSE: CCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) surged out of port Tuesday morning, and continue to sail ahead in afternoon trading. As of 12:20 p.m.
So what
Last month, if you recall, worries over an imminent Russian invasion of its neighbor Ukraine "helped" to torpedo cruise stocks that were already taking on water in the face of then-rising omicron cases and rumblings of interest rate hikes at the Federal Reserve.
Now what
Now, the Black Sea isn't a huge market for cruising, but all three of the major cruise lines do operate in the Black Sea market. For this reason, a renewed hope that war will not break out between Russia and Ukraine is good news for all three tickers.
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Despite the downgrades, faster vaccination rates promise a return to cruising sooner rather than later
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Friday was a rough day for cruise industry investors, and the first day after the holiday -- Tuesday -- isn't looking much kinder, at least not in financial news.
So what
According to the analysts at Berenberg (via reports at TheFly.com ), Wall Street has "no idea" when cruising will resume at any of the major cruise lines, at least not with enough passengers aboard to have any appreciable effect on revenue. For its part, Berenberg doesn't see anything like a return to normal happening before 2024 or even 2025.
Now what
And yet, cruising will resume sometime -- and probably sooner than Berenberg predicts.
How much debt does Royal Caribbean have?
To put the liquidity into perspective, Royal Caribbean has $2.6 billion of debt maturing in 2020 and $2.2 billion obligated to new ship purchases in the next year. If operations don't get going soon, the new liquidity may not be enough to save Royal Caribbean. And I doubt the cruise business will be back to any sort of "normal" anytime soon.
How much is Royal Caribbean's loan?
Early Monday, Royal Caribbean announced that it has entered into a $2.2 billion secured term loan facility for the next year. This will give the company a total of $3.6 billion of liquidity to weather the current downturn in the cruise business.
Royal Caribbean had negative revenue in Q3, but it has resumed cruises in other countries
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Royal Caribbean Group ( NYSE:RCL) reported earnings this morning, and the news was not good. For the third pandemic-plagued quarter in a row, the cruise line's net loss was bigger than $1 billion -- $1.3 billion this time, or $6.29 per share.
So what
Why investors' curiously sunny disposition in the face of Royal Caribbean's grim news? There was at least a little good news to report. The cruise line reminded investors that it resumed limited cruise operations outside the U.S.
Now what
With any luck, it won't take that long for Royal Caribbean to resume cruising, and begin generating revenue to offset its costs without having to raise additional capital.
