FY2027 Earnings Estimate for RY Issued By Erste Group Bank

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Investment analysts at Erste Group Bank increased their FY2027 earnings estimates for Royal Bank Of Canada in a research note issued to investors on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $12.57 per share for the year, up from their prior forecast of $12.50. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.52 per share.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.74 billion. During the same period in the previous year, the business posted $3.12 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Argus set a $225.00 price objective on shares of Royal Bank Of Canada in a research report on Thursday. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Trading Up 0.8%

RY stock opened at $199.16 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The company has a fifty day moving average price of $181.40 and a two-hundred day moving average price of $171.56. Royal Bank Of Canada has a one year low of $126.02 and a one year high of $200.05. The stock has a market cap of $276.79 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be given a $1.76 dividend. The ex-dividend date of this dividend is Monday, July 27th. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 42.41%.

Institutional Investors Weigh In On Royal Bank Of Canada

A number of institutional investors have recently modified their holdings of RY. Harvest Fund Management Co. Ltd bought a new stake in Royal Bank Of Canada during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC bought a new stake in Royal Bank Of Canada during the fourth quarter worth about $26,000. Key Financial Inc lifted its position in Royal Bank Of Canada by 63.0% during the first quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 63 shares during the period. Johnson Financial Group Inc. bought a new stake in Royal Bank Of Canada during the third quarter worth about $27,000. Finally, Maseco LLP lifted its position in Royal Bank Of Canada by 355.0% during the first quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 142 shares during the period. Institutional investors own 45.31% of the company’s stock.

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.