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.

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Posted by Web Inquirer Staff on 26 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.