Royal Caribbean Group (NYSE:RCL) announced its quarterly earnings results on Sunday. The company reported ($5.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($5.20) by $0.18, MarketWatch Earnings reports. The business had revenue of $34.10 million for the quarter, compared to analysts’ expectations of $42.86 million. Royal Caribbean Group had a negative return on equity of 25.20% and a negative net margin of 24.36%. The business’s quarterly revenue was down 98.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.42 EPS.
Shares of NYSE RCL traded up $3.82 during mid-day trading on Tuesday, hitting $90.05. 10,055,594 shares of the stock traded hands, compared to its average volume of 4,551,570. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.73 and a current ratio of 0.76. Royal Caribbean Group has a 52 week low of $19.25 and a 52 week high of $101.00. The company has a market cap of $20.20 billion, a price-to-earnings ratio of -4.56 and a beta of 2.86. The stock has a fifty day moving average price of $71.55 and a 200-day moving average price of $68.95.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Royal Caribbean Group from $62.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Royal Caribbean Group from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday. Berenberg Bank lowered Royal Caribbean Group from a “hold” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research report on Friday, February 12th. Morgan Stanley lifted their price objective on Royal Caribbean Group from $35.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, January 8th. Finally, Zacks Investment Research upgraded Royal Caribbean Group from a “sell” rating to a “hold” rating and set a $70.00 price objective on the stock in a research report on Thursday, January 28th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $62.93.
Royal Caribbean Group 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 19 nights.
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