Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at National Bank Financial dropped their Q1 2018 EPS estimates for shares of Royal Bank Of Canada in a research report issued on Monday. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $1.54 per share for the quarter, down from their prior estimate of $1.59. National Bank Financial also issued estimates for Royal Bank Of Canada’s Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.60 EPS, Q4 2018 earnings at $1.61 EPS and FY2018 earnings at $6.30 EPS.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Macquarie assumed coverage on shares of Royal Bank Of Canada in a report on Tuesday, October 24th. They set an “underperform” rating on the stock. Scotiabank downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Howard Weil downgraded shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Royal Bank Of Canada presently has an average rating of “Hold” and an average price target of $80.00.

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Royal Bank Of Canada (RY) traded up $0.84 on Thursday, hitting $79.79. 728,565 shares of the company were exchanged, compared to its average volume of 976,088. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $115,103.88, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.08. Royal Bank Of Canada has a one year low of $64.82 and a one year high of $80.98.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The business had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. During the same period in the previous year, the business posted $1.72 EPS.

Institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Royal Bank Of Canada by 4.0% during the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after buying an additional 65 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Royal Bank Of Canada during the third quarter valued at approximately $153,000. Proficio Capital Partners LLC raised its position in shares of Royal Bank Of Canada by 1.2% during the second quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after buying an additional 26 shares during the last quarter. Asset Advisors Corp bought a new stake in shares of Royal Bank Of Canada during the third quarter valued at approximately $178,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Royal Bank Of Canada during the second quarter valued at approximately $191,000. Hedge funds and other institutional investors own 40.75% of the company’s stock.

Royal Bank Of Canada Company Profile

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.

Earnings History and Estimates for Royal Bank Of Canada (NYSE:RY)

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