Erste Group Bank Has Bullish Forecast for RY FY2026 Earnings

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Equities research analysts at Erste Group Bank raised their FY2026 earnings per share estimates for Royal Bank Of Canada in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will earn $12.83 per share for the year, up from their prior forecast of $11.54. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.75 per share. Erste Group Bank also issued estimates for Royal Bank Of Canada’s FY2027 earnings at $13.70 EPS.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, topping the consensus estimate of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%.The company had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $12.98 billion.

Several other research analysts have also recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday. Keefe, Bruyette & Woods assumed coverage on shares of Royal Bank Of Canada in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Finally, Argus set a $225.00 price target on Royal Bank Of Canada in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY opened at $204.34 on Tuesday. The firm’s 50-day moving average price is $209.08 and its 200-day moving average price is $188.22. Royal Bank Of Canada has a 52-week low of $143.13 and a 52-week high of $218.57. The company has a market cap of $283.34 billion, a PE ratio of 17.88, a PEG ratio of 1.51 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in shares of Royal Bank Of Canada during the 4th quarter valued at $25,000. Key Financial Inc raised its holdings in Royal Bank Of Canada by 63.0% in the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 63 shares during the period. Johnson Financial Group Inc. purchased a new position in Royal Bank Of Canada during the third quarter valued at $27,000. BOK Financial Private Wealth Inc. purchased a new position in Royal Bank Of Canada during the second quarter valued at $28,000. Finally, Maseco LLP grew its holdings in Royal Bank Of Canada by 355.0% during the first quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio is currently 43.39%.

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.