Royal Caribbean Cruises (RCL) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS
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.
A number of analysts have recently weighed in on RCL shares. 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. They now have a $28.00 price target on the stock. On a related note, 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.
Royal Caribbean Cruises (RCL) opened at 26.14 on Friday. Royal Caribbean Cruises (RCL) has a 1-year low of $18.70 and a 1-year high of $41.42. The company has a market cap of $5.695 billion and a price-to-earnings ratio of 9.97.
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.