Royal Bank of Canada (TSE:RY) (NYSE:RY) will be releasing its earnings data before the market opens on Friday, February 23rd. Analysts expect Royal Bank of Canada to post earnings of C$1.96 per share for the quarter.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a net margin of 26.20% and a return on equity of 16.63%.
Royal Bank of Canada (RY) opened at C$100.60 on Friday. Royal Bank of Canada has a fifty-two week low of C$90.13 and a fifty-two week high of C$108.52. The company has a market cap of $146,960.00, a P/E ratio of 13.31 and a beta of 0.71.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, January 24th. This represents a $3.64 annualized dividend and a dividend yield of 3.62%. Royal Bank of Canada’s dividend payout ratio is presently 37.57%.
In other Royal Bank of Canada news, insider Helena Gottschling sold 1,080 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of C$108.12, for a total value of C$116,769.60. Also, Director David Ian Mckay sold 5,352 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$101.19, for a total transaction of C$541,568.88. Insiders sold 19,531 shares of company stock worth $2,024,910 over the last three months.
Several research analysts have recently commented on RY shares. Eight Capital raised shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and raised their target price for the stock from C$107.00 to C$113.00 in a report on Monday, December 11th. Desjardins raised their target price on shares of Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. CSFB raised their target price on shares of Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. BMO Capital Markets raised their target price on shares of Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a “market perform” rating in a report on Thursday, November 30th. Finally, CIBC lifted their price objective on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a research note on Monday, November 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$108.17.
Royal Bank of Canada Company Profile
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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