Analysts expect Royal Bank of Canada (NYSE:RY) to report EPS of $2.11


Equity research analysts expect Royal Bank of Canada (NYSE:RY – Get Rating) (TSE:RY) to report earnings per share (EPS) of $2.11 for the current quarter , reports Zacks. No analyst has made earnings estimates for Royal Bank of Canada. The lowest EPS estimate is $2.04 and the highest is $2.19. Royal Bank of Canada posted earnings per share of $2.44 in the same quarter last year, suggesting a negative year-over-year growth rate of 13.5%. The company is expected to release its next results on Monday, January 1.

According to Zacks, analysts expect Royal Bank of Canada to report annual earnings of $8.68 per share for the current year, with EPS estimates ranging from $8.34 to $8.97 . For next year, analysts expect the company to post earnings of $9.27 per share, with EPS estimates ranging from $8.95 to $9.62. Zacks’ EPS calculations are an average average based on a survey of sell-side research analysts who cover Royal Bank of Canada.

Royal Bank of Canada (NYSE:RY – Get Rating) (TSE:RY) last released its results on Thursday, February 24. The financial services provider reported EPS of $2.28 for the quarter, beating the consensus estimate of $2.15 by $0.13. The company had revenue of $10.37 billion in the quarter. Royal Bank of Canada achieved a return on equity of 18.28% and a net margin of 28.16%.

Several equity research analysts have commented on RY shares. Scotiabank lowered its price target on Royal Bank of Canada from C$150.00 to C$147.00 in a Friday, May 20 research note. TD Securities lowered its price target on Royal Bank of Canada from C$150.00 to C$145.00 in a research note on Friday. Canaccord Genuity Group downgraded Royal Bank of Canada from a buy to a hold rating and raised its price target for the stock from $141.00 to $148.00 in a research note Monday, February 7. Zacks Investment Research downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a Friday, February 25 research note. Finally, Canaccord Genuity Group downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating and raised its price target for the stock from $141.00 to $148.00 in a note. research on Monday, February 7. One research analyst gave the stock a sell rating, six gave the company a hold rating and nine gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $144.05.

Institutional investors and hedge funds have recently changed their stock holdings. Blue Bell Private Wealth Management LLC bought a new position in Royal Bank of Canada in the fourth quarter worth about $37,000. Stonehage Fleming Financial Services Holdings Ltd increased its holdings in Royal Bank of Canada by 54.0% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 385 shares of the financial services provider worth $40,000 after buying 135 more shares in the last quarter. Allegheny Financial Group LTD bought a new position in Royal Bank of Canada during Q4 worth approximately $48,000. JFS Wealth Advisors LLC increased its holdings in Royal Bank of Canada by 272.4% during the 1st quarter. JFS Wealth Advisors LLC now owns 473 shares of the financial services provider worth $52,000 after buying 346 additional shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Royal Bank of Canada during Q1 worth approximately $55,000. 41.50% of the shares are held by hedge funds and other institutional investors.

Royal Bank of Canada stock traded down $2.35 during Friday’s session, hitting $103.04. The company’s stock had a trading volume of 1,135,956 shares, compared to an average trading volume of 1,297,833 shares. The stock has a market capitalization of $144.62 billion, a price/earnings ratio of 11.46, a P/E/G ratio of 2.06 and a beta of 0.90. The stock’s fifty-day moving average is $105.21 and its 200-day moving average is $107.35. Royal Bank of Canada has a 1-year low of $95.02 and a 1-year high of $119.41. The company has a debt ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24. Investors of record on Tuesday, July 26 will receive a dividend of $0.995. The ex-dividend date is Monday, July 25. This represents a dividend of $3.98 on an annualized basis and a yield of 3.86%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.94. Royal Bank of Canada’s dividend payout ratio is currently 42.71%.

Profile of Royal Bank of Canada (Get a rating)

Royal Bank of Canada is a globally diversified financial services company. The Company’s Personal and Commercial Banking segment offers checking and savings accounts, home equity financing, personal loans, private banking, indirect loans, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, commercial products and services to small and medium commercial enterprises.

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Earnings history and estimates for Royal Bank of Canada (NYSE:RY)



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Shawanda H. Saldana