Royal Caribbean Cruises Ltd. Plans — Dividend of $0.40 (NYSE:RCL)

Royal Caribbean Cruises Ltd. (NYSE:RCL) announced a — dividend on Friday, July 26th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.40 per share on Friday, October 11th. The ex-dividend date of this dividend is Friday, September 20th.

Royal Caribbean Cruises Trading Up 1.0 %

RCL stock traded up $1.54 during trading on Friday, hitting $153.56. The company had a trading volume of 3,412,790 shares, compared to its average volume of 2,522,631. The firm has a 50-day moving average price of $156.09 and a 200-day moving average price of $138.63. The stock has a market cap of $39.52 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.49 and a beta of 2.62. Royal Caribbean Cruises has a 12 month low of $78.35 and a 12 month high of $173.37. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.44. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. As a group, analysts predict that Royal Caribbean Cruises will post 11.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group raised their price target on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Bank of America upped their price target on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $172.25.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total value of $3,393,222.21. Following the sale, the chief executive officer now owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the transaction, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the transaction, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,884 shares of company stock valued at $15,071,485. Company insiders own 7.95% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.