National Bank Financial Comments on Royal Bank of Canada’s Q2 2018 Earnings (RY)
Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities researchers at National Bank Financial boosted their Q2 2018 EPS estimates for shares of Royal Bank of Canada in a research report issued on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $2.03 per share for the quarter, up from their prior forecast of $1.99. National Bank Financial currently has a “Sector Perform” rating and a $107.00 target price on the stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q3 2018 earnings at $2.10 EPS.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a net margin of 28.00% and a return on equity of 16.52%.
Shares of Royal Bank of Canada (TSE RY) traded up C$0.64 during mid-day trading on Monday, hitting C$106.41. 1,411,504 shares of the company were exchanged, compared to its average volume of 1,864,043. The stock has a market cap of $155,170.00, a PE ratio of 14.08 and a beta of 0.72. Royal Bank of Canada has a 12 month low of C$90.13 and a 12 month high of C$106.36.
In related news, insider Alex Douglas Mcgregor sold 7,403 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$101.73, for a total transaction of C$753,107.19. Also, insider Jennifer Anne Tory sold 344 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of C$101.55, for a total transaction of C$34,933.20. In the last 90 days, insiders have sold 18,795 shares of company stock worth $1,907,804.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 46.03%.
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About Royal Bank of Canada
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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