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.
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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.
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