FY2027 EPS Estimate for Royal Bank Of Canada Cut by Analyst

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Stock analysts at Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for Royal Bank Of Canada in a note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings of $12.50 per share for the year, down from their prior forecast of $12.56. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

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

RY has been the subject of a number of other research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Zacks Research downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Price Performance

RY stock opened at $158.32 on Friday. The company’s 50-day moving average price is $167.12 and its two-hundred day moving average price is $159.04. The firm has a market cap of $221.29 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.19 and a beta of 0.79. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $176.19.

Royal Bank Of Canada Dividend Announcement

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

Institutional Trading of Royal Bank Of Canada

A number of hedge funds have recently added to or reduced their stakes in the stock. Purpose Unlimited Inc. bought a new stake in shares of Royal Bank Of Canada during the fourth quarter worth $54,509,000. Rockefeller Capital Management L.P. lifted its stake in shares of Royal Bank Of Canada by 52.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 393,185 shares of the financial services provider’s stock valued at $67,034,000 after acquiring an additional 134,796 shares during the last quarter. Bank of New Hampshire acquired a new stake in shares of Royal Bank Of Canada during the 4th quarter valued at $113,000. World Investment Advisors boosted its holdings in shares of Royal Bank Of Canada by 49.7% during the 4th quarter. World Investment Advisors now owns 10,506 shares of the financial services provider’s stock valued at $1,791,000 after acquiring an additional 3,489 shares in the last quarter. Finally, Meadowbrook Advisors Group LLC bought a new stake in Royal Bank Of Canada during the 4th quarter worth $271,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

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.