Royal Caribbean Cruises Ltd. (NYSE:RCL) declared a quarterly dividend on Tuesday, February 7th. Investors of record on Tuesday, March 7th will be paid a dividend of 0.48 per share on Wednesday, April 5th. This represents a $1.92 dividend on an annualized basis and a yield of 2.02%.
Shares of Royal Caribbean Cruises (NYSE:RCL) traded up 0.23% during trading on Tuesday, reaching $95.03. 1,131,352 shares of the company were exchanged. The firm’s 50 day moving average is $86.76 and its 200 day moving average is $77.16. The firm has a market capitalization of $20.39 billion, a P/E ratio of 16.03 and a beta of 1.23. Royal Caribbean Cruises has a 1-year low of $64.21 and a 1-year high of $96.09.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, January 26th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. Royal Caribbean Cruises had a return on equity of 15.89% and a net margin of 15.10%. The company earned $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the company posted $0.94 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that Royal Caribbean Cruises will post $7.04 EPS for the current fiscal year.
In other Royal Caribbean Cruises news, Director William K. Reilly sold 2,257 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $94.52, for a total transaction of $213,331.64. Following the completion of the transaction, the director now owns 15,011 shares in the company, valued at $1,418,839.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Wilhelmsen A. S. A sold 3,600,000 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $84.02, for a total transaction of $302,472,000.00. Following the transaction, the insider now owns 24,899,253 shares of the company’s stock, valued at approximately $2,092,035,237.06. The disclosure for this sale can be found here. Company insiders own 16.80% of the company’s stock.
A number of research firms have issued reports on RCL. Vetr raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and set a $90.95 price target for the company in a research report on Monday, December 26th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $78.00 price target on shares of Royal Caribbean Cruises in a research report on Wednesday, December 21st. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Argus upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $94.56 to $116.00 in a research note on Monday, January 30th. Finally, Deutsche Bank AG restated a “hold” rating and set a $81.00 price objective on shares of Royal Caribbean Cruises in a research note on Monday, October 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Royal Caribbean Cruises has a consensus rating of “Buy” and a consensus price target of $95.82.
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights.