Royal Caribbean shares record 10-day decline
The reported stock slide erased about $7.6 billion from the cruise company’s market value, leaving its market capitalization at about $71 billion.
Royal Caribbean shares declined for 10 consecutive trading days, according to the report. Across that period, the stock sustained a cumulative loss of 9.7%. The report estimated that the decline erased about $7.6 billion from the company’s market value, reducing its market capitalization to approximately $71 billion.
The report listed Royal Caribbean’s one-month stock return at negative 17.3%. Its return over the trailing twelve months was reported at negative 23.6%.
The company’s revenue over the last twelve months grew 8.7%, slightly above the reported S&P 500 median of 8.4%. Royal Caribbean’s operating margin was 27.3%, compared with the index median of 18.6%, according to the same figures.
The report said Royal Caribbean shares traded at a price-to-earnings multiple of 16.1. That compared with a reported median multiple of 23.0 for the S&P 500.