Royal Caribbean Cruises EVP Harri U. Kulovaara Unloads 76,612 Shares (RCL)
Royal Caribbean Cruises (NYSE:RCL) EVP Harri U. Kulovaara unloaded 76,612 shares of the stock on the open market in a transaction dated Monday, February 10th. The shares were sold at an average price of $50.90, for a total transaction of $3,899,550.80. Following the completion of the transaction, the executive vice president now directly owns 33,601 shares of the company’s stock, valued at approximately $1,710,291. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 0.45% during mid-day trading on Monday, hitting $50.84. 1,724,225 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 1-year low of $31.35 and a 1-year high of $51.18. The stock has a 50-day moving average of $48.34 and a 200-day moving average of $42.09. The company has a market cap of $11.209 billion and a price-to-earnings ratio of 23.65.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly 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. Stockholders 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.
A number of analysts have recently weighed in on RCL shares. 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 assigned a strong buy rating to the company. The stock presently 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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