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.
Royal Caribbean Cruises Stock Down 5.6 %
Shares of NYSE:RCL traded down $2.26 during midday trading on Tuesday, hitting $37.97. 5,977,147 shares of the stock traded hands, compared to its average volume of 5,197,004. The company has a market cap of $9.68 billion, a PE ratio of -2.16 and a beta of 2.46. Royal Caribbean Cruises has a one year low of $31.09 and a one year high of $98.27. The business has a 50 day moving average price of $39.33 and a two-hundred day moving average price of $62.51. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.28 and a current ratio of 0.30.
Royal Caribbean Cruises (NYSE:RCL - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported ($2.08) EPS for the quarter, beating the consensus estimate of ($2.23) by $0.15. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.10 billion. Royal Caribbean Cruises had a negative return on equity of 87.89% and a negative net margin of 95.46%. The company's quarterly revenue was up 4190.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($5.06) earnings per share. On average, equities analysts predict that Royal Caribbean Cruises will post -6.81 EPS for the current year.
Wall Street Analyst Weigh In
RCL has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Royal Caribbean Cruises from $81.00 to $58.00 in a research note on Friday, July 29th. StockNews.com raised Royal Caribbean Cruises to a "sell" rating in a research note on Saturday. Barclays started coverage on Royal Caribbean Cruises in a research note on Tuesday, June 28th. They issued an "overweight" rating and a $56.00 price target on the stock. Susquehanna Bancshares dropped their price target on Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Finally, Morgan Stanley dropped their price target on Royal Caribbean Cruises from $54.00 to $40.00 and set an "underweight" rating on the stock in a research note on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises has a consensus rating of "Hold" and a consensus price target of $67.00.