Erste Group Bank Has Bullish Outlook for RY FY2026 Earnings

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Stock analysts at Erste Group Bank lifted their FY2026 earnings per share estimates for Royal Bank Of Canada in a research report issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will post earnings per share of $11.45 for the year, up from their previous estimate of $11.33. 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 posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The business had revenue of $12.27 billion during the quarter, compared to analyst estimates of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company earned $3.07 EPS.

A number of other research firms have also recently weighed in on RY. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Thursday, January 22nd. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Stock Down 1.0%

Shares of RY opened at $170.71 on Monday. The company has a market cap of $238.60 billion, a PE ratio of 17.02, a P/E/G ratio of 1.29 and a beta of 0.79. The business has a fifty day moving average of $169.76 and a 200 day moving average of $155.06. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, January 26th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s dividend payout ratio is 47.66%.

Hedge Funds Weigh In On Royal Bank Of Canada

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Royal Bank Of Canada by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider’s stock worth $11,529,165,000 after acquiring an additional 1,290,142 shares in the last quarter. FIL Ltd grew its stake in Royal Bank Of Canada by 1.1% during the 4th quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock valued at $3,965,133,000 after purchasing an additional 255,465 shares in the last quarter. Norges Bank bought a new stake in shares of Royal Bank Of Canada in the fourth quarter worth $3,472,382,000. Bank of Nova Scotia raised its stake in shares of Royal Bank Of Canada by 1.6% in the 4th quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock valued at $2,596,904,000 after purchasing an additional 238,589 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Royal Bank Of Canada by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock valued at $2,389,773,000 after buying an additional 882,253 shares in the last quarter. Institutional investors and hedge funds 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.