Royal Caribbean Cruises (RCL) Announces Quarterly Earnings, Beats Estimates By $0.06 EPS
Royal Caribbean Cruises (RCL) released its earnings data on Friday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.
A number of analysts have recently weighed in on RCL shares. Analysts at Zacks upgraded shares of Royal Caribbean Cruises from an “underperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $28.00 price target on the stock. On a related note, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Royal Caribbean Cruises in a research note to investors on Monday, April 23rd. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note to investors on Friday, April 20th.
Shares of Royal Caribbean Cruises (RCL) opened at 26.77 on Wednesday. Royal Caribbean Cruises (RCL) has a one year low of $18.70 and a one year high of $41.46. The company has a market cap of $5.832 billion and a P/E ratio of 10.21.
Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. As of December 31, 2010, the Company operated 40 ships in the cruise vacation industry with approximately 92,300 berths.