Royal Caribbean Cruises Ltd. (NYSE:RCL) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.15-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.15, American Banking and Market News reports.
RCL has been the subject of a number of recent research reports. 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 a related note, 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 equities 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 stock. The stock has an average rating of Buy and a consensus target price of $42.41.
Royal Caribbean Cruises Ltd. (NYSE:RCL) traded up 5.58% during mid-day trading on Thursday, hitting $41.97. The stock had a trading volume of 1,638,125 shares. Royal Caribbean Cruises Ltd. has a 52-week low of $29.69 and a 52-week 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 $9.218 billion and a price-to-earnings ratio of 116.23.
Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, October 24th. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.06. 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. Analysts expect that Royal Caribbean Cruises Ltd. will post $2.28 EPS for the current fiscal year.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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