Royal Caribbean Cruises Ltd (NYSE:RCL), the world’s second-biggest cruise operator, boosted its full-year estimates on Thursday and mentioned bookings have been stronger than forecasted and that it has been able to charge additional per cruise.
Shares of the company surged 10.4% in Thursday morning trading session.
Royal Caribbean presently anticipates 2012 earnings in the range of $1.85 to $1.95 a share, 15 cents over its earlier estimate range and more than the $1.78 that analysts forecasted, according to Thomson Reuters data.
Royal Caribbean’s net income in the third-quarter moved down to $367.8 million or $1.68 a share, on $2.26 billion of revenue, from $399 million or $1.82 a share, on $2.32 billion of revenue in the previous year.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Carnival Corporation (NYSE:CCL) rose +2.36% to settle at $38.66, Orient-Express Hotels Ltd. (NYSE:OEH) moved down -8.51% to end at $11.40 while Carnival plc (ADR) (NYSE:CUK) jumped +3.51% to finish at $40.13 on Thursday.
Royal Caribbean Cruises Ltd. (NYSE:RCL) last session’s volume of 9.97 million shares was higher than its average volume of 2.07 million shares. The stock after opening at $32.66 hit high price of $34.75 and then closed at $33.74 by scoring +8.31%.
RCL generated revenue of $7.75 billion in the previous twelve months and earned $478.83 million. The Company showed a positive 6.18% in the net profit margin as well as in its operating margin which remained at 10.91%. Company’s annual sales growth for the past five years was 7.58%.
The RCL’s past twelve months’ price to sales ratio was 0.95 and price to cash ratio remained 34.65. As far as the returns are concerned, RCL’s return on equity was recorded as 5.76% and return on investment increased 2.94% while its return on asset stayed at 2.42%.
The stock showed weekly upbeat performance of 3.59% which was maintained for the month at 12.06%. Likewise the positive performance for the quarter was recorded as 37.60% and for the year was 18.55% while the YTD performance remained at 37.77%.
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