TSE:RY FY2026 EPS Estimate Boosted by Erste Group Bank

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities researchers at Erste Group Bank lifted their FY2026 EPS estimates for Royal Bank of Canada in a research report issued on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings of $16.07 per share for the year, up from their prior forecast of $15.86. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share. Erste Group Bank also issued estimates for Royal Bank of Canada’s FY2027 earnings at $17.52 EPS.

RY has been the subject of a number of other reports. Scotiabank upped their target price on shares of Royal Bank of Canada from C$252.00 to C$275.00 and gave the company a “sector outperform” rating in a report on Monday, June 1st. National Bank Financial upped 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 report on Friday, May 15th. TD Securities reduced their target price on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a report on Friday, February 27th. TD upped their target price on shares of Royal Bank of Canada from C$267.00 to C$272.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Jefferies Financial Group upped their target price on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$260.42.

Royal Bank of Canada Stock Performance

Shares of TSE:RY opened at C$275.76 on Thursday. The company has a 50-day simple moving average of C$248.99 and a 200-day simple moving average of C$235.69. Royal Bank of Canada has a one year low of C$173.39 and a one year high of C$278.35. The stock has a market capitalization of C$383.22 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 3.42 and a beta of 1.08.

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

Royal Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio is presently 41.35%.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, insider Jennifer Kristine Publicover sold 439 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$261.83, for a total transaction of C$114,943.37. Following the transaction, the insider directly owned 152 shares in the company, valued at approximately C$39,798.16. This represents a 74.28% decrease in their ownership of the stock. Also, insider Katherine Gibson sold 462 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$261.83, for a total transaction of C$120,965.46. Following the transaction, the insider owned 290 shares in the company, valued at C$75,930.70. The trade was a 61.44% decrease in their ownership of the stock. Insiders sold a total of 96,950 shares of company stock valued at $25,181,544 in the last ninety days.

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.