What is Erste Group Bank’s Forecast for RY FY2026 Earnings?

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at Erste Group Bank boosted their FY2026 earnings per share estimates for Royal Bank Of Canada in a research report issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $11.52 per share for the year, up from their previous forecast of $11.45. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. TD Securities raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. National Bank Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Finally, TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Trading Up 0.2%

RY stock opened at $162.48 on Thursday. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $176.19. 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 market capitalization of $227.10 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.22 and a beta of 0.79. The business has a 50 day simple moving average of $167.52 and a two-hundred day simple moving average of $158.84.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results 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. The firm had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $3.62 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Royal Bank Of Canada during the fourth quarter worth approximately $3,472,382,000. Canerector Inc. lifted its stake in shares of Royal Bank Of Canada by 20,412.0% in the 3rd quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock valued at $1,964,188,000 after purchasing an additional 13,267,800 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Royal Bank Of Canada by 1,218.0% in the 2nd quarter. Fisher Asset Management LLC now owns 5,723,581 shares of the financial services provider’s stock worth $752,937,000 after purchasing an additional 5,289,330 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Royal Bank Of Canada in the 4th quarter worth approximately $324,237,000. Finally, Public Sector Pension Investment Board increased its position in shares of Royal Bank Of Canada by 1,318.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,936,920 shares of the financial services provider’s stock valued at $254,759,000 after purchasing an additional 1,800,400 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a $1.64 dividend. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.0%. Royal Bank Of Canada’s payout ratio is 45.74%.

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.