Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
Wall Street Analysts Forecast Growth
RCL has been the subject of several recent analyst reports. Susquehanna Bancshares cut their price objective on shares of Royal Caribbean Cruises from $70.00 to $50.00 in a research report on Friday, July 29th. StockNews.com raised shares of Royal Caribbean Cruises to a "sell" rating in a research note on Saturday, August 6th. Truist Financial cut their target price on Royal Caribbean Cruises from $70.00 to $65.00 and set a "hold" rating for the company in a research note on Thursday, May 19th. Deutsche Bank Aktiengesellschaft decreased their price target on Royal Caribbean Cruises from $50.00 to $48.00 in a research note on Friday, July 29th. Finally, Wells Fargo & Company dropped their price objective on Royal Caribbean Cruises from $81.00 to $58.00 in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $67.00.
Royal Caribbean Cruises Stock Performance
Shares of RCL Stock opened at $42.39 on Tuesday. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of -2.41 and a beta of 2.46. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 5.22. The business's 50-day moving average price is $38.45 and its 200-day moving average price is $61.61. Royal Caribbean Cruises has a 12 month low of $31.09 and a 12 month high of $98.27.
Royal Caribbean Cruises (NYSE:RCL - Get Rating) last posted its earnings results on Thursday, July 28th. The company reported ($2.08) EPS for the quarter, topping the consensus estimate of ($2.23) by $0.15. Royal Caribbean Cruises had a negative net margin of 95.46% and a negative return on equity of 87.89%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the company earned ($5.06) EPS. The firm's revenue was up 4190.1% compared to the same quarter last year. Equities research analysts forecast that Royal Caribbean Cruises will post -6.81 EPS for the current year.