NEW YORK (TheStreet) -- Shares of Royal Caribbean Cruises Ltd. are down by 8.72% to $72.14 in mid-morning trading on Monday, after the cruise company issued earnings per share guidance for the 2015 full year that was below its previous forecast and short of analysts' expectations. For the fiscal year Royal Caribbean said earnings will likely be in a range between $4.45 per share and $4.65 per share. The company's previous guidance range was between $4.65 per share and $4.85 per share. Analysts have forecast for 2015 earnings of $4.75 per share. Royal Caribbean said a strong dollar and rising fuel prices have negatively impacted the full year and caused it to slash its full year guidance. However, Royal Caribbean said its earnings results for the 2015 first quarter were 20 cents per share on revenue of $1.82 billion. Analysts were expecting earnings of 14 cents per share on revenue of $1.86 billion. Separately, TheStreet Ratings team rates ROYAL CARIBBEAN CRUISES LTD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate ROYAL CARIBBEAN CRUISES LTD (RCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."You can view the full analysis from the report here: RCL Ratings Report RCL data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
Click to view a price quote on RCL. Click to research the Leisure industry.from Latest TSC Headlines http://ift.tt/1DDFOHH
No comments:
Post a Comment