FY2027 EPS Estimate for Royal Bank of Canada Cut by Analyst

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for Royal Bank of Canada in a report released on Thursday, June 25th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will earn $17.50 per share for the year, down from their previous forecast of $17.52. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

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. Royal Bank of Canada had a return on equity of 15.95% and a net margin of 18.40%.The company had revenue of C$17.45 billion for the quarter.

Other analysts also recently issued reports about the stock. 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 report on Friday, May 29th. Scotiabank upped their price target on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. Desjardins increased their price objective on shares of Royal Bank of Canada from C$262.00 to C$275.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Jefferies Financial Group raised their price objective on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. Finally, TD boosted their price objective on shares of Royal Bank of Canada from C$267.00 to C$272.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$260.81.

Royal Bank of Canada Stock Performance

Shares of RY opened at C$293.68 on Thursday. The stock has a 50 day simple moving average of C$264.23 and a 200 day simple moving average of C$242.70. Royal Bank of Canada has a 52-week low of C$175.50 and a 52-week high of C$294.32. The firm has a market capitalization of C$408.12 billion, a PE ratio of 19.09, a P/E/G ratio of 3.42 and a beta of 1.08.

Insider Activity

In related news, insider Bruce Washington Ross sold 41,724 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$279.37, for a total transaction of C$11,656,433.88. Following the sale, the insider owned 235 shares in the company, valued at approximately C$65,651.95. This represents a 99.44% decrease in their ownership of the stock. Also, insider Neil Mclaughlin sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$287.72, for a total value of C$1,150,880.00. Insiders sold 307,975 shares of company stock worth $85,399,296 in the last quarter.

Royal Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were issued a $1.64 dividend. The ex-dividend date was Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 2.2%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 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.