Erste Group Bank Analysts Increase Earnings Estimates for RY

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Research analysts at Erste Group Bank lifted their FY2027 EPS estimates for shares of Royal Bank Of Canada in a report released on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will post earnings of $12.57 per share for the year, up from their previous forecast of $12.41. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.41 per share.

A number of other equities analysts have also recently weighed in on the company. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY opened at $210.93 on Tuesday. The stock’s fifty day simple moving average is $205.74 and its 200 day simple moving average is $184.04. The stock has a market capitalization of $292.48 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.68 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.10. Royal Bank Of Canada has a 52-week low of $132.51 and a 52-week high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $3.12 earnings per share.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be paid a dividend of $1.76 per share. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 annualized dividend and a yield of 3.3%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 44.56%.

Institutional Trading of Royal Bank Of Canada

A number of hedge funds have recently made changes to their positions in RY. Vise Technologies Inc. purchased a new position in Royal Bank Of Canada during the second quarter valued at approximately $6,644,000. August Group Capital Ltd purchased a new stake in Royal Bank Of Canada in the 2nd quarter worth approximately $552,000. Live Oak Investment Partners acquired a new stake in shares of Royal Bank Of Canada during the 2nd quarter valued at $1,028,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Royal Bank Of Canada during the 2nd quarter valued at $1,702,000. Finally, Csenge Advisory Group acquired a new position in shares of Royal Bank Of Canada in the second quarter worth $349,000. 45.31% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Royal Bank Of Canada

Here are the key news stories impacting Royal Bank Of Canada this week:

• Positive Sentiment: Moneris sale adds capital: The divestiture should provide RBC with additional capital and flexibility for investments, acquisitions, or shareholder returns. Analysts described the transaction as adding to the banks’ “war chests,” although it also removes RBC’s exposure to Moneris’ future growth. RBC and BMO sell Moneris
• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its FY2027 EPS estimate for RY to $12.57 from $12.41, above the broader current-year consensus estimate of $11.41. The revision signals improving confidence in RBC’s earnings outlook. Analysts raise RBC earnings estimate
• Positive Sentiment: Asset-management growth opportunity: RBC’s asset-management unit reopened a C$13.9 billion bond fund to new investors amid strong Canadian high-yield issuance. Increased demand could support fee revenue and RBC’s broader wealth-management business. RBC reopens bond fund
• Neutral Sentiment: New investment products: The RBC iShares alliance launched XINT, a global ex-North America equity ETF, and IBQT, an equity-and-bitcoin portfolio ETF. The products broaden distribution and potential fee-generating opportunities, but their immediate earnings impact is likely limited. Bitcoin exposure also carries added volatility and regulatory risk. RBC iShares launches ETFs
• Neutral Sentiment: Analyst view remains favorable: Analysts gave RY an average “Moderate Buy” recommendation, supporting the constructive outlook but offering no major new catalyst. RBC is also contributing more than $1 million to a YMCA early-childhood educator training program, a positive community initiative with minimal near-term financial impact. RBC analyst recommendation RBC Foundation YMCA program

About Royal Bank Of Canada

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.