Royal Caribbean Cruises CEO Bradley H. Stein Sells 23,391 Shares (RCL)
Royal Caribbean Cruises (NYSE:RCL) CEO Bradley H. Stein sold 23,391 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.65, for a total transaction of $1,184,754.15. Following the completion of the sale, the chief executive officer now directly owns 31,622 shares of the company’s stock, valued at approximately $1,601,654. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Royal Caribbean Cruises (NYSE:RCL) traded up 0.45% during mid-day trading on Monday, hitting $50.84. The stock had a trading volume of 1,724,225 shares. Royal Caribbean Cruises has a 52-week low of $31.35 and a 52-week high of $51.24. The stock has a 50-day moving average of $48.4 and a 200-day moving average of $42.27. The company has a market cap of $11.209 billion and a P/E ratio of 23.65.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings data on Monday, January 27th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $0.10 earnings per share. Royal Caribbean Cruises’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Royal Caribbean Cruises will post $3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, February 13th.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Royal Caribbean Cruises from $50.00 to $57.00 in a research note to investors on Monday, February 3rd. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Royal Caribbean Cruises from $50.00 to $56.00 in a research note to investors on Tuesday, January 28th. They now have an “overweight” rating on the stock. Finally, analysts at Nomura raised their price target on shares of Royal Caribbean Cruises from $50.00 to $56.00 in a research note to investors on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Royal Caribbean Cruises has an average rating of “Buy” and a consensus target price of $52.53.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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