FY2026 EPS Estimate for Royal Bank Of Canada Cut by Analyst

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Investment analysts at Erste Group Bank reduced their FY2026 earnings per share estimates for Royal Bank Of Canada in a report released on Tuesday, September 8th. Erste Group Bank analyst H. Engel now expects that the financial services provider will earn $11.87 per share for the year, down from their previous estimate of $12.83. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.83 per share. Erste Group Bank also issued estimates for Royal Bank Of Canada’s FY2027 earnings at $12.92 EPS.

RY has been the topic of a number of other reports. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 29th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Stock Performance

NYSE:RY opened at $205.15 on Monday. The company has a market capitalization of $284.46 billion, a PE ratio of 17.95, a P/E/G ratio of 1.85 and a beta of 0.79. The company has a 50 day simple moving average of $209.65 and a two-hundred day simple moving average of $190.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. Royal Bank Of Canada has a fifty-two week low of $143.13 and a fifty-two week high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%.The company had revenue of $13.22 billion for the quarter, compared to analyst estimates of $12.98 billion.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new position in Royal Bank Of Canada during the 2nd quarter valued at about $28,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Royal Bank Of Canada in the fourth quarter worth about $25,000. Highland Investment Advisors LLC bought a new position in shares of Royal Bank Of Canada in the second quarter valued at approximately $31,000. Bell Investment Advisors Inc bought a new position in shares of Royal Bank Of Canada in the second quarter valued at approximately $32,000. Finally, Continuum Advisory LLC purchased a new position in Royal Bank Of Canada during the second quarter valued at approximately $33,000. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be paid a $1.76 dividend. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.4%. Royal Bank Of Canada’s payout ratio is currently 44.44%.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it is one of Canada’s largest banks and serves individuals, businesses, institutions and governments.

RBC provides personal and commercial banking products, including deposit accounts, mortgages, consumer and business loans, credit cards and payment services. Through its wealth management operations, the company offers investment advice, brokerage, asset management, trust and estate services, and private banking.