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.

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Posted by Web Inquirer Staff on 11 May 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.