Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Equities researchers at Cormark issued their Q1 2019 earnings per share (EPS) estimates for Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. Cormark analyst M. Grauman forecasts that the financial services provider will post earnings per share of $1.69 for the quarter. Cormark also issued estimates for Royal Bank Of Canada’s Q2 2019 earnings at $1.68 EPS, Q3 2019 earnings at $1.76 EPS and Q4 2019 earnings at $1.73 EPS.

A number of other equities analysts also recently commented on the company. BMO Capital Markets reissued a “hold” rating and set a $102.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday. Canaccord Genuity reissued a “hold” rating and set a $105.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday. Scotiabank reissued a “hold” rating and set a $101.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Macquarie assumed coverage on Royal Bank Of Canada in a research report on Tuesday, October 24th. They set an “underperform” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Royal Bank Of Canada has an average rating of “Hold” and an average target price of $93.60.

Royal Bank Of Canada (RY) opened at $79.81 on Friday. Royal Bank Of Canada has a 52-week low of $65.58 and a 52-week high of $80.98. The company has a market capitalization of $114,156.23, a PE ratio of 13.57, a PEG ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.90.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be paid a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, January 24th. Royal Bank Of Canada’s payout ratio is 49.83%.

A number of hedge funds have recently bought and sold shares of RY. Fieldpoint Private Securities LLC purchased a new stake in Royal Bank Of Canada in the third quarter valued at approximately $153,000. Guardian Capital LP lifted its stake in Royal Bank Of Canada by 3.9% in the third quarter. Guardian Capital LP now owns 4,445,146 shares of the financial services provider’s stock valued at $343,017,000 after buying an additional 167,744 shares during the last quarter. Guardian Capital Advisors LP lifted its stake in Royal Bank Of Canada by 0.4% in the third quarter. Guardian Capital Advisors LP now owns 437,257 shares of the financial services provider’s stock valued at $44,057,000 after buying an additional 1,571 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Royal Bank Of Canada by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 36,703 shares of the financial services provider’s stock valued at $2,839,000 after buying an additional 1,287 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Royal Bank Of Canada by 94.5% in the third quarter. Jane Street Group LLC now owns 62,741 shares of the financial services provider’s stock valued at $4,853,000 after buying an additional 30,491 shares during the last quarter. Hedge funds and other institutional investors own 40.55% of the company’s stock.

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About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Earnings History and Estimates for Royal Bank Of Canada (NYSE:RY)

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