Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Thursday

Royal Bank of Canada (TSE:RY) (NYSE:RY) is scheduled to announce its earnings results before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of C$2.22 per share for the quarter.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Friday, February 22nd. The financial services provider reported C$2.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$2.19. The business had revenue of C$11.59 billion during the quarter, compared to the consensus estimate of C$10.93 billion.

RY stock opened at C$104.71 on Thursday. The company has a market capitalization of $149.47 billion and a PE ratio of 12.32. Royal Bank of Canada has a 12-month low of C$90.10 and a 12-month high of C$107.91.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Wednesday, April 24th. Royal Bank of Canada’s dividend payout ratio is presently 45.17%.

In other Royal Bank of Canada news, Director David Ian Mckay sold 8,259 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of C$101.65, for a total transaction of C$839,492.66. Following the completion of the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at C$596,965.78. Also, Senior Officer Alex Douglas Mcgregor sold 1,500 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of C$102.01, for a total value of C$153,015.00. Following the transaction, the insider now directly owns 54,675 shares of the company’s stock, valued at C$5,577,396.75. Over the last three months, insiders have sold 38,895 shares of company stock valued at $4,015,255.

Several equities analysts have recently issued reports on RY shares. Canaccord Genuity reduced their target price on Royal Bank of Canada from C$108.00 to C$105.00 in a report on Wednesday. Desjardins increased their price objective on Royal Bank of Canada from C$108.00 to C$111.00 in a report on Tuesday.

ILLEGAL ACTIVITY WARNING: “Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Thursday” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2019/05/16/royal-bank-of-canada-ry-set-to-announce-quarterly-earnings-on-thursday.html.

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: Convertible Shares

Earnings History 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.



Leave a Reply