Royal Bank of Canada (NYSE:RY) (TSE:RY) – Research analysts at National Bank Financial decreased their Q3 2019 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a note issued to investors on Sunday, May 12th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $1.71 per share for the quarter, down from their previous forecast of $1.76. National Bank Financial also issued estimates for Royal Bank of Canada’s FY2020 earnings at $7.01 EPS.

RY has been the subject of a number of other research reports. Barclays reissued a “sell” rating on shares of Royal Bank of Canada in a report on Friday, February 22nd. Canaccord Genuity reaffirmed a “hold” rating on shares of Royal Bank of Canada in a report on Friday, February 22nd. Zacks Investment Research downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Scotiabank reaffirmed an “average” rating and set a $111.00 price target on shares of Royal Bank of Canada in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $95.33.

NYSE RY opened at $77.95 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $110.99 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.90 and a beta of 1.11. Royal Bank of Canada has a 12-month low of $65.76 and a 12-month high of $81.56.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Friday, February 22nd. The financial services provider reported $1.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.01). The business had revenue of $8.70 billion during the quarter, compared to the consensus estimate of $8.31 billion. Royal Bank of Canada had a net margin of 20.85% and a return on equity of 17.52%. During the same period in the prior year, the firm earned $2.01 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be issued a dividend of $0.7704 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Wednesday, April 24th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.75. Royal Bank of Canada’s dividend payout ratio is 46.86%.

Institutional investors have recently modified their holdings of the company. M&T Bank Corp increased its position in Royal Bank of Canada by 1.2% in the 1st quarter. M&T Bank Corp now owns 42,735 shares of the financial services provider’s stock valued at $3,230,000 after acquiring an additional 509 shares during the period. Advisors Asset Management Inc. increased its position in Royal Bank of Canada by 15.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,942 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 516 shares during the period. Goldman Sachs Group Inc. increased its position in Royal Bank of Canada by 11.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,482,472 shares of the financial services provider’s stock valued at $112,001,000 after acquiring an additional 155,513 shares during the period. Jefferies Group LLC acquired a new position in Royal Bank of Canada in the 1st quarter valued at approximately $1,688,000. Finally, Cresset Asset Management LLC acquired a new position in Royal Bank of Canada in the 1st quarter valued at approximately $89,000. 42.23% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Royal Bank of Canada (NYSE:RY)

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