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.
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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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