Royal Caribbean Cruises (RCL) Releases Quarterly Earnings Results
Royal Caribbean Cruises (RCL) announced its 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.
RCL has been the subject of a number of recent research reports. 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 a related note, analysts at Barclays Capital reiterated an “overweight” rating on shares of Royal Caribbean Cruises in a research note to investors on Monday, April 23rd. Finally, analysts at Nomura 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 1.83% during mid-day trading on Tuesday, hitting $23.91. Royal Caribbean Cruises (RCL) has a one year low of $18.70 and a one year high of $39.43. The company has a market cap of $5.209 billion and a P/E ratio of 8.96.
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.