Royal Caribbean Cruises (RCL) Posts Quarterly Results

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 revenue for the quarter was up 9.7% on a year-over-year basis.

A number of research firms have also recently commented on RCL. 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. On the ratings front, 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) traded up 0.45% during mid-day trading on Friday, hitting $24.42. Royal Caribbean Cruises (RCL) has a 52 week low of $18.70 and a 52 week high of $42.11. The company has a market cap of $5.320 billion and a P/E ratio of 9.28.

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 27 May 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.