FY2027 EPS Estimates for TSE:RY Lowered by Erste Group Bank

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Erste Group Bank reduced their FY2027 EPS estimates for Royal Bank of Canada in a research report issued to clients and investors on Thursday, June 25th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will earn $17.50 per share for the year, down from their previous estimate of $17.52. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Thursday, May 28th. The financial services provider reported C$3.90 EPS for the quarter. The company had revenue of C$17.45 billion during the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%.

Several other equities research analysts also recently issued reports on the stock. National Bank Financial raised their target price on shares of Royal Bank of Canada from C$257.00 to C$271.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Desjardins boosted their price target on Royal Bank of Canada from C$262.00 to C$275.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Canaccord Genuity Group upped their price objective on Royal Bank of Canada from C$280.00 to C$282.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Jefferies Financial Group raised their price objective on Royal Bank of Canada from C$226.00 to C$232.00 in a research report on Wednesday, May 20th. Finally, Raymond James Financial lifted their target price on Royal Bank of Canada from C$265.50 to C$270.50 and gave the stock a “market perform” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$260.81.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at C$293.68 on Thursday. The company’s 50-day moving average is C$264.23 and its 200-day moving average is C$242.70. The firm has a market capitalization of C$408.12 billion, a PE ratio of 19.09, a P/E/G ratio of 3.42 and a beta of 1.08. Royal Bank of Canada has a fifty-two week low of C$175.50 and a fifty-two week high of C$294.32.

Royal Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 41.35%.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, Director David Ian Mckay sold 133,130 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$287.21, for a total value of C$38,236,267.30. Following the transaction, the director directly owned 5,873 shares of the company’s stock, valued at C$1,686,784.33. This represents a 95.77% decrease in their position. Also, insider Bruce Washington Ross sold 3,657 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$284.86, for a total transaction of C$1,041,733.02. Following the completion of the transaction, the insider directly owned 235 shares in the company, valued at approximately C$66,942.10. This represents a 93.96% decrease in their ownership of the stock. Insiders have sold a total of 307,975 shares of company stock worth $85,399,296 in the last quarter.

Royal Bank of Canada Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.