Royal Caribbean Cruises (RCL) Releases Quarterly Earnings, 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 for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.06. Royal Caribbean Cruises’s revenue was up 9.7% compared to the same quarter last year.
A number of research firms have also recently commented on RCL. 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 the ratings front, 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.
Royal Caribbean Cruises (RCL) traded down 2.85% on Monday, hitting $23.89. Royal Caribbean Cruises (RCL) has a 1-year low of $18.70 and a 1-year high of $39.43. The company has a market cap of $5.204 billion and a price-to-earnings ratio of 9.38.
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.