Royal Bank of Canada (TSE:RY) (NYSE:RY) – Analysts at Desjardins issued their Q1 2018 earnings per share (EPS) estimates for Royal Bank of Canada in a research report issued to clients and investors on Wednesday. Desjardins analyst D. Young forecasts that the financial services provider will post earnings of $1.91 per share for the quarter. Desjardins also issued estimates for Royal Bank of Canada’s Q2 2018 earnings at $2.02 EPS, Q3 2018 earnings at $2.02 EPS, Q4 2018 earnings at $2.00 EPS, FY2018 earnings at $7.95 EPS and FY2019 earnings at $8.55 EPS.

Other equities research analysts have also issued research reports about the stock. Scotiabank upped their price target on shares of Royal Bank of Canada from C$110.00 to C$111.00 and gave the company a “sector perform” rating in a research report on Thursday. National Bank Financial upped their price target on shares of Royal Bank of Canada from C$101.00 to C$105.00 and gave the company a “sector perform” rating in a research report on Thursday. Eight Capital upped their price target on shares of Royal Bank of Canada from C$105.00 to C$107.00 in a research report on Thursday. CSFB increased their target price on shares of Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity increased their target price on shares of Royal Bank of Canada from C$105.00 to C$108.00 in a report on Thursday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$104.67.

Royal Bank of Canada (RY) traded down C$0.53 during midday trading on Friday, hitting C$100.85. 3,870,982 shares of the stock traded hands, compared to its average volume of 2,621,093. Royal Bank of Canada has a 12-month low of C$86.83 and a 12-month high of C$102.15.

In related news, Director David Ian Mckay sold 5,352 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$101.19, for a total value of C$541,568.88. Also, Director Thierry Vandal acquired 729 shares of the business’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of C$91.91 per share, with a total value of C$67,002.39. Insiders sold a total of 25,328 shares of company stock valued at $2,456,793 over the last three months.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.61%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio is 46.45%.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/01/royal-bank-of-canada-forecasted-to-earn-q1-2018-earnings-of-1-91-per-share-ry.html.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.