TSE:RY FY2026 EPS Estimate Boosted by Erste Group Bank

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Research analysts at Erste Group Bank increased their FY2026 earnings estimates for Royal Bank of Canada in a research note issued on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will earn $16.07 per share for the year, up from their previous forecast of $15.86. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share. Erste Group Bank also issued estimates for Royal Bank of Canada’s FY2027 earnings at $17.52 EPS.

Several other research firms have also commented on RY. National Bank Financial increased their price target on shares of Royal Bank of Canada from C$257.00 to C$271.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group increased their price target on shares of Royal Bank of Canada from C$280.00 to C$282.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Barclays raised their target price on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Canadian Imperial Bank of Commerce raised their target price on shares of Royal Bank of Canada from C$258.00 to C$279.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, TD raised their target price on shares of Royal Bank of Canada from C$267.00 to C$272.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$260.42.

Royal Bank of Canada Price Performance

RY stock opened at C$275.76 on Thursday. The company’s 50 day simple moving average is C$248.99 and its 200-day simple moving average is C$235.69. The firm has a market capitalization of C$383.22 billion, a PE ratio of 17.93, a P/E/G ratio of 3.42 and a beta of 1.08. Royal Bank of Canada has a 12 month low of C$173.39 and a 12 month high of C$278.35.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings results on Thursday, May 28th. The financial services provider reported C$3.90 EPS for the quarter. The business had revenue of C$17.45 billion for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%.

Insider Activity

In related news, insider Jennifer Kristine Publicover sold 439 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$261.83, for a total transaction of C$114,943.37. Following the sale, the insider owned 152 shares in the company, valued at approximately C$39,798.16. This trade represents a 74.28% decrease in their ownership of the stock. Also, insider Bruce Washington Ross sold 38,730 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of C$270.88, for a total transaction of C$10,491,182.40. Following the sale, the insider owned 235 shares in the company, valued at approximately C$63,656.80. This trade represents a 99.40% decrease in their position. Insiders have sold 96,950 shares of company stock valued at $25,181,544 in the last 90 days.

Royal Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were given a dividend of $1.64 per share. The ex-dividend date was Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a yield of 2.4%. Royal Bank of Canada’s dividend payout ratio (DPR) is 41.35%.

Royal Bank of Canada Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.