Royal Caribbean Group (NYSE:RCL) announced its quarterly earnings data on Sunday. The company reported ($5.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $34.10 million for the quarter, compared to analysts’ expectations of $42.86 million. During the same period last year, the business posted $1.42 earnings per share. The firm’s revenue for the quarter was down 98.6% on a year-over-year basis.
Shares of RCL opened at $86.50 on Tuesday. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of -4.37 and a beta of 2.86. 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 one year low of $19.25 and a one year high of $101.00. The stock’s fifty day moving average is $71.24 and its 200-day moving average is $68.78.
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Royal Caribbean Group from $91.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Investment Research upgraded Royal Caribbean Group from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research note on Thursday, January 28th. Berenberg Bank cut Royal Caribbean Group from a “hold” rating to a “sell” rating and set a $55.00 target price on the stock. in a research note on Friday, February 12th. Morgan Stanley raised their target price 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 raised their target price 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 issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average 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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