RBC Capital (RY) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
RBC Capital (NYSE:RY) released its earnings data on Friday. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.06, American Banking & Market News reports. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The company’s quarterly revenue was up 25.2% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of RBC Capital in a research note on Tuesday. They now have a $82.00 price target on the stock, up previously from $79.00. Analysts at CIBC downgraded shares of RBC Capital from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $74.17.
Shares of RBC Capital (NYSE:RY) opened at 74.65 on Friday. RBC Capital has a 1-year low of $60.76 and a 1-year high of $74.82. The stock has a 50-day moving average of $73.4 and a 200-day moving average of $68.37. The company has a market cap of $107.5 billion and a price-to-earnings ratio of 13.98.
Royal Bank of Canada is a Canada-based banking company. The Company is a diversified financial services company, and provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.
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