Royal Bank of Canada (RY) Scheduled to Post Earnings on Thursday

Royal Bank of Canada (NYSE:RY) (TSE:RY) is set to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Royal Bank of Canada to post earnings of $1.68 per share for the quarter.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Friday, February 22nd. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.01). The firm had revenue of $8.70 billion for the quarter, compared to the consensus estimate of $8.31 billion. Royal Bank of Canada had a return on equity of 17.52% and a net margin of 20.85%. During the same quarter in the previous year, the business posted $2.01 earnings per share. On average, analysts expect Royal Bank of Canada to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NYSE:RY opened at $77.95 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. The stock has a market cap of $110.99 billion, a P/E ratio of 11.94, a PEG ratio of 1.90 and a beta of 1.11. Royal Bank of Canada has a 52-week low of $65.76 and a 52-week high of $81.56.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be issued a dividend of $0.7704 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.95%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.86%.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Canaccord Genuity reiterated a “hold” rating on shares of Royal Bank of Canada in a report on Friday, February 22nd. Barclays reiterated a “sell” rating on shares of Royal Bank of Canada in a report on Friday, February 22nd. Finally, Scotiabank restated an “average” rating and issued a $111.00 price target on shares of Royal Bank of Canada in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Royal Bank of Canada currently has a consensus rating of “Buy” and a consensus target price of $95.33.

WARNING: “Royal Bank of Canada (RY) Scheduled to Post Earnings on Thursday” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

Featured Article: What is diluted earnings per share (Diluted EPS)?

Earnings History for Royal Bank of Canada (NYSE: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's FREE daily email newsletter.

Leave a Reply