Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Cormark upped their Q4 2017 earnings per share estimates for shares of Royal Bank Of Canada in a research report issued to clients and investors on Thursday. Cormark analyst M. Grauman now forecasts that the financial services provider will post earnings per share of $1.58 for the quarter, up from their previous estimate of $1.41. Cormark also issued estimates for Royal Bank Of Canada’s Q1 2018 earnings at $1.60 EPS, Q2 2018 earnings at $1.58 EPS, Q3 2018 earnings at $1.66 EPS and Q4 2018 earnings at $1.64 EPS.

A number of other research firms also recently weighed in on RY. Zacks Investment Research downgraded Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. BidaskClub raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Canaccord Genuity started coverage on Royal Bank Of Canada in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. National Bank Financial reissued a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, May 18th. Finally, Howard Weil downgraded Royal Bank Of Canada to a “sector perform” rating in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Royal Bank Of Canada currently has a consensus rating of “Hold” and a consensus price target of $85.00.

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Royal Bank Of Canada (NYSE RY) opened at 74.76 on Friday. Royal Bank Of Canada has a 52-week low of $60.50 and a 52-week high of $76.01. The firm’s 50-day moving average price is $74.31 and its 200 day moving average price is $72.13. The firm has a market cap of $109.00 billion, a price-to-earnings ratio of 12.97 and a beta of 1.07.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by $0.01. The firm had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.11 billion. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. During the same period last year, the firm earned $1.72 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be issued a dividend of $0.724 per share. This represents a $2.90 dividend on an annualized basis and a yield of 3.87%. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 25th. Royal Bank Of Canada’s payout ratio is presently 48.55%.

Large investors have recently added to or reduced their stakes in the stock. Welch Group LLC bought a new stake in Royal Bank Of Canada during the first quarter worth $101,000. Quadrant Capital Group LLC increased its stake in Royal Bank Of Canada by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after buying an additional 65 shares during the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in Royal Bank Of Canada during the first quarter worth $123,000. Proficio Capital Partners LLC increased its stake in Royal Bank Of Canada by 125.3% in the first quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock worth $145,000 after buying an additional 1,167 shares during the last quarter. Finally, Jolley Asset Management LLC increased its stake in Royal Bank Of Canada by 1.0% in the second quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock worth $176,000 after buying an additional 25 shares during the last quarter. 45.67% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Company Profile

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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