Royal Caribbean Group (NYSE:RCL) posted its quarterly earnings data on Sunday. The company reported ($5.02) EPS for the quarter, beating the consensus estimate of ($5.20) by $0.18, MarketWatch Earnings reports. Royal Caribbean Group had a negative return on equity of 25.20% and a negative net margin of 24.36%. The business had revenue of $34.10 million for the quarter, compared to the consensus estimate of $42.86 million. During the same quarter in the prior year, the business earned $1.42 earnings per share. Royal Caribbean Group’s revenue for the quarter was down 98.6% on a year-over-year basis.
Shares of RCL stock traded up $0.04 on Tuesday, reaching $86.27. The company’s stock had a trading volume of 194,754 shares, compared to its average volume of 4,387,010. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 2.12. Royal Caribbean Group has a 12-month low of $19.25 and a 12-month high of $101.00. The company has a market capitalization of $19.35 billion, a P/E ratio of -4.38 and a beta of 2.86. The stock’s 50 day simple moving average is $71.24 and its 200-day simple moving average is $68.78.
RCL has been the topic of several research analyst reports. 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 note on Thursday, January 28th. Berenberg Bank downgraded Royal Caribbean Group from a “hold” rating to a “sell” rating and set a $55.00 price objective on the stock. in a research note on Friday, February 12th. JPMorgan Chase & Co. upped their price objective on Royal Caribbean Group from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley upped their price objective on Royal Caribbean Group from $35.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Royal Caribbean Group from $62.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target 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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