Royal Caribbean Cruises (RCL) Posts Quarterly Results
Royal Caribbean Cruises (NYSE:RCL) released its earnings data on Thursday. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.06, American Banking News.com reports. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Royal Caribbean Cruises updated its Q4 guidance to $0.15-0.20 EPS.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 6.09% during mid-day trading on Thursday, hitting $42.17. 2,232,729 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 1-year low of $29.69 and a 1-year high of $40.00. The stock has a 50-day moving average of $37.95 and a 200-day moving average of $35.43. The company has a market cap of $9.262 billion and a price-to-earnings ratio of 116.23.
A number of research firms have recently commented on RCL. Analysts at Longbow Research upgraded shares of Royal Caribbean Cruises from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 4th. On the ratings front, analysts at SunTrust initiated coverage on shares of Royal Caribbean Cruises in a research note to investors on Friday, October 4th. They set a “neutral” rating and a $44.00 price target on the stock. Finally, analysts at Investec initiated coverage on shares of Royal Caribbean Cruises in a research note to investors on Friday, September 27th. They set a “buy” rating and a $46.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. Royal Caribbean Cruises presently has a consensus rating of “Buy” and a consensus target price of $42.41.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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