Royal Caribbean Cruises (RCL) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Royal Caribbean Cruises (RCL) posted its quarterly earnings results 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 quarterly revenue was up 9.7% on a year-over-year basis.

A number of analysts have recently weighed in on RCL shares. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Royal Caribbean Cruises in a research note to investors on Thursday, June 14th. On a related note, 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, May 7th. They now have a $28.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an “overweight” rating on shares of Royal Caribbean Cruises in a research note to investors on Monday, April 23rd.

Shares of Royal Caribbean Cruises (RCL) traded up 2.05% during mid-day trading on Wednesday, hitting $25.92. Royal Caribbean Cruises (RCL) has a 52 week low of $18.70 and a 52 week high of $39.43. The company has a market cap of $5.647 billion and a P/E ratio of 9.69.

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.

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Posted by Web Inquirer Staff on 21 Jun 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.