What is Erste Group Bank’s Estimate for RY FY2027 Earnings?

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Erste Group Bank dropped their FY2027 EPS estimates for shares of Royal Bank Of Canada in a report released on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $12.50 per share for the year, down from their prior forecast of $12.56. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The business had revenue of $13.18 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the previous year, the firm posted $3.62 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. TD Cowen upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. Finally, Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Stock Performance

RY stock opened at $160.17 on Friday. The company has a 50-day simple moving average of $167.34 and a 200 day simple moving average of $158.84. The company has a market capitalization of $223.88 billion, a P/E ratio of 15.33, a PEG ratio of 1.22 and a beta of 0.79. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19.

Hedge Funds Weigh In On Royal Bank Of Canada

Several institutional investors and hedge funds have recently made changes to their positions in RY. Brighton Jones LLC increased its position in shares of Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 575 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Royal Bank Of Canada by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after acquiring an additional 4,460 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Royal Bank Of Canada by 57.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 1,934 shares during the period. MAI Capital Management boosted its position in shares of Royal Bank Of Canada by 99.1% in the second quarter. MAI Capital Management now owns 1,350 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 672 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in Royal Bank Of Canada during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is currently 45.93%.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.