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 Up 1.4 %
Shares of NYSE:RCL opened at $40.23 on Tuesday. Royal Caribbean Cruises has a one year low of $31.09 and a one year high of $98.27. The company has a debt-to-equity ratio of 5.22, a current ratio of 0.30 and a quick ratio of 0.28. The business's fifty day moving average price is $39.73 and its 200-day moving average price is $62.68. The stock has a market capitalization of $10.26 billion, a PE ratio of -2.29 and a beta of 2.46.
Royal Caribbean Cruises (NYSE:RCL - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($2.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.23) by $0.15. The business had revenue of $2.18 billion for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 4190.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($5.06) EPS. On average, equities research analysts anticipate that Royal Caribbean Cruises will post -6.81 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on RCL shares. Deutsche Bank Aktiengesellschaft decreased their price target on Royal Caribbean Cruises from $50.00 to $48.00 in a report on Friday, July 29th. Barclays started coverage on Royal Caribbean Cruises in a report on Tuesday, June 28th. They set an "overweight" rating and a $56.00 price target for the company. Truist Financial decreased their price target on Royal Caribbean Cruises from $70.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, May 19th. Susquehanna reduced their price objective on Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. Finally, Morgan Stanley reduced their price objective on Royal Caribbean Cruises from $54.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Hold" and a consensus price target of $67.00.