Royal Caribbean Cruises Chairman Brian J. Rice Sells 57,151 Shares (RCL)
Royal Caribbean Cruises (NYSE:RCL) Chairman Brian J. Rice unloaded 57,151 shares of Royal Caribbean Cruises stock on the open market in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $52.17, for a total value of $2,981,567.67. Following the completion of the transaction, the chairman now directly owns 60,587 shares of the company’s stock, valued at approximately $3,160,824. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
RCL has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Royal Caribbean Cruises from $48.00 to $58.00 in a research note on Tuesday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG raised their price target on shares of Royal Caribbean Cruises from $50.00 to $57.00 in a research note on Monday, February 3rd. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Royal Caribbean Cruises from $50.00 to $56.00 in a research note on Tuesday, January 28th. They now have an “overweight” rating on the stock. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $53.12.
Royal Caribbean Cruises (NYSE:RCL) traded up 0.08% on Friday, hitting $52.26. 1,139,726 shares of the company’s stock traded hands. Royal Caribbean Cruises has a 52 week low of $31.35 and a 52 week high of $52.90. The stock’s 50-day moving average is $49.00 and its 200-day moving average is $42.63. The company has a market cap of $11.522 billion and a price-to-earnings ratio of 24.40.
Royal Caribbean Cruises (NYSE:RCL) last released its earnings data on Monday, January 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises will post $3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, February 13th.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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