Royal Caribbean Cruises Ltd (RCL) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.25. Analysts had a consensus of $0.32. The company posted revenue of $1917.79 million in the period, compared to analysts expectations of $1911.18 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Many Wall Street Analysts have commented on Royal Caribbean Cruises Ltd. Shares were Reiterated by Wedbush on Feb 3, 2016 to “Outperform” and Lowered the Price Target to $ 99 from a previous price target of $110 .Shares were Reiterated by Barclays on Feb 3, 2016 to “Overweight” and Lowered the Price Target to $ 105 from a previous price target of $107 .
Royal Caribbean Cruises Ltd opened for trading at $76.46 and hit $78.18 on the upside on Wednesday, eventually ending the session at $77.98, with a gain of 2.28% or 1.74 points. The heightened volatility saw the trading volume jump to 24,52,703 shares. Company has a market cap of $16,954 M.
In a different news, on Nov 10, 2015, Eyal Ofer (director) sold 112,980 shares at $98.00 per share price. According to the SEC, on Nov 2, 2015, Jorge Vilches (President & CEO, Pullmantur) sold 1,035 shares at $98.50 per share price. On Oct 27, 2015, Harri U Kulovaara (EVP, Maritime) sold 8,228 shares at $100.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Royal Caribbean Cruises Ltd. (Royal Caribbean) is a cruise company. The Company owns various brands such as Royal Caribbean International Celebrity Cruises Pullmantur Azamara Club Cruises CDF Croisieres de France and a 50% joint venture interest in TUI Cruises. Together these six brands operate a combined 43 ships in the cruise vacation industry with an aggregate capacity of approximately 105750 berths. The Companys ships operate on a selection of itineraries that call on approximately 480 destinations on all seven continents. Royal Caribbean International offers a variety of itineraries including Alaska Asia Australia Bahamas Bermuda Canada the Caribbean Europe the Panama Canal South America and New Zealand. Celebrity Cruises offers a variety of itineraries including Alaska Asia Australia Bermuda Canada the Caribbean Europe Hawaii New Zealand the Panama Canal and South America.