Royal Caribbean Cruises (NYSE:RCL – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44, Briefing.com reports. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company earned ($0.23) earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 29.2% compared to the same quarter last year.
Royal Caribbean Cruises Trading Up 1.9 %
NYSE:RCL traded up $2.58 on Friday, reaching $140.05. The company’s stock had a trading volume of 2,038,754 shares, compared to its average volume of 2,775,613. Royal Caribbean Cruises has a 12-month low of $59.38 and a 12-month high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The firm has a market cap of $35.95 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52. The stock has a 50 day moving average price of $129.71 and a 200 day moving average price of $117.11.
Insider Buying and Selling at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.70% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Royal Caribbean Cruises
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.
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