What is Erste Group Bank’s Forecast for RY FY2026 Earnings?

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Investment analysts at Erste Group Bank lifted their FY2026 earnings estimates for Royal Bank Of Canada in a report released on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings per share of $11.52 for the year, up from their previous forecast of $11.45. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Several other research firms have also recently commented on RY. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. National Bank Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Wednesday, December 17th. Finally, TD Securities upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Price Performance

Shares of RY opened at $158.32 on Thursday. The company has a market capitalization of $221.29 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.21 and a beta of 0.79. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50-day moving average is $167.12 and its 200-day moving average is $158.94.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.62 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RY. Harvest Fund Management Co. Ltd acquired a new position in Royal Bank Of Canada in the 4th quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in Royal Bank Of Canada in the 4th quarter worth $26,000. Johnson Financial Group Inc. acquired a new position in Royal Bank Of Canada during the 3rd quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in Royal Bank Of Canada during the 3rd quarter worth $29,000. Finally, True Wealth Design LLC bought a new stake in Royal Bank Of Canada during the third quarter valued at about $31,000. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is presently 45.74%.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.