Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Wednesday
Royal Bank of Canada (TSE:RY) (NYSE:RY) will be announcing its earnings results before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $1.87 per share for the quarter.
Royal Bank of Canada (TSE:RY) opened at 93.33 on Wednesday. The company has a market cap of $135.97 billion and a price-to-earnings ratio of 12.70. Royal Bank of Canada has a 1-year low of $79.74 and a 1-year high of $99.90. The company’s 50 day moving average is $94.25 and its 200 day moving average is $95.11.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, July 24th. This represents a $3.48 dividend on an annualized basis and a yield of 3.73%.
In related news, Director Thierry Vandal sold 750 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$93.61, for a total transaction of C$70,207.50. Also, insider Alex Douglas Mcgregor sold 30,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of C$92.79, for a total value of C$2,783,700.00. Over the last three months, insiders have sold 44,340 shares of company stock worth $4,121,794.
A number of equities analysts recently weighed in on the stock. National Bank Financial reiterated a “sector perform” rating and issued a C$99.00 price objective on shares of Royal Bank of Canada in a research report on Friday, May 26th. Scotiabank boosted their target price on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$95.83.
About Royal Bank of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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