Royal Caribbean Cruises CEO Sells $751,492 in Stock (RCL)
Royal Caribbean Cruises (NYSE:RCL) CEO Michael W. Bayley sold 13,661 shares of the stock on the open market in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $55.01, for a total value of $751,491.61. Following the sale, the chief executive officer now directly owns 53,489 shares of the company’s stock, valued at approximately $2,942,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Royal Caribbean Cruises (NYSE:RCL) traded up 0.99% on Friday, hitting $55.29. 1,647,089 shares of the company’s stock traded hands. Royal Caribbean Cruises has a one year low of $31.37 and a one year high of $56.66. The stock has a 50-day moving average of $52.53 and a 200-day moving average of $49.75. The company has a market cap of $12.281 billion and a price-to-earnings ratio of 28.71.
Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.07. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises will post $3.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 5th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, May 16th.
A number of research firms have recently commented on RCL. Analysts at Nomura reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, May 14th. They now have a $56.00 price target on the stock. Separately, analysts at SunTrust upgraded shares of Royal Caribbean Cruises from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 14th. They now have a $63.00 price target on the stock, up previously from $54.00. Finally, analysts at Zacks downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating in a research note on Friday, May 9th. They now have a $54.00 price target on the stock. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $56.12.
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a cruise company.
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