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.

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Posted by Web Inquirer Staff on 12 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.