Royal Caribbean Cruises (NYSE:RCL) Releases Quarterly Earnings Results, Misses Expectations By $0.85 EPS

Royal Caribbean Cruises (NYSE:RCL) announced its quarterly earnings data on Wednesday. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.85), reports. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2 billion. Royal Caribbean Cruises had a net margin of 1.75% and a return on equity of 12.34%. The firm’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.31 earnings per share.

RCL stock opened at $43.14 on Friday. The firm has a 50 day moving average of $36.96 and a 200-day moving average of $87.98. Royal Caribbean Cruises has a 12-month low of $19.25 and a 12-month high of $135.32. The company has a current ratio of 0.51, a quick ratio of 0.13 and a debt-to-equity ratio of 1.26. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 51.36 and a beta of 2.48.

RCL has been the topic of several research reports. Wedbush reaffirmed a “buy” rating and set a $63.00 price objective on shares of Royal Caribbean Cruises in a report on Monday, May 18th. Credit Suisse Group initiated coverage on Royal Caribbean Cruises in a report on Thursday. They set an “outperform” rating and a $67.00 price objective on the stock. UBS Group dropped their price objective on Royal Caribbean Cruises from $110.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, April 20th. SunTrust Banks lowered their price target on Royal Caribbean Cruises from $102.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Cfra upgraded shares of Royal Caribbean Cruises to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $89.17.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises brands. The Royal Caribbean International brand provides itineraries to destinations worldwide, including Alaska, Asia, Australia, Bahamas, Bermuda, Canada, the Caribbean, Europe, the Panama Canal, and New Zealand with cruise lengths that range from 2 to 23 nights.

Further Reading: Neutral Rating

Earnings History for Royal Caribbean Cruises (NYSE:RCL)

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