Royal Bank of Canada (NYSE:RY) (TSE:RY) – Investment analysts at National Bank Financial lifted their Q4 2018 earnings per share estimates for shares of Royal Bank of Canada in a research report issued on Monday, August 13th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $1.64 per share for the quarter, up from their previous estimate of $1.64. National Bank Financial has a “Outperform” rating on the stock. National Bank Financial also issued estimates for Royal Bank of Canada’s Q1 2019 earnings at $1.76 EPS.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Thursday, May 24th. The financial services provider reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.03. Royal Bank of Canada had a net margin of 21.75% and a return on equity of 17.76%. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.95 billion.

A number of other brokerages also recently weighed in on RY. Zacks Investment Research downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. ValuEngine downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Finally, Macquarie upgraded shares of Royal Bank of Canada from an “underperform” rating to a “neutral” rating in a research report on Friday, June 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $97.20.

Shares of Royal Bank of Canada stock opened at $78.74 on Thursday. Royal Bank of Canada has a 1-year low of $72.73 and a 1-year high of $87.10. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $111.14 billion, a PE ratio of 12.99, a PEG ratio of 1.41 and a beta of 1.13.

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in Royal Bank of Canada by 148.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,843 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 1,101 shares in the last quarter. Aristotle Capital Management LLC acquired a new position in Royal Bank of Canada during the 1st quarter worth approximately $147,000. Cornerstone Wealth Management LLC acquired a new position in Royal Bank of Canada during the 2nd quarter worth approximately $154,000. Cypress Capital Group acquired a new position in Royal Bank of Canada during the 1st quarter worth approximately $202,000. Finally, Tuttle Tactical Management acquired a new position in Royal Bank of Canada during the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 41.05% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Thursday, July 26th will be given a dividend of $0.7296 per share. This represents a $2.92 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Wednesday, July 25th. Royal Bank of Canada’s dividend payout ratio is 47.19%.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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Earnings History and Estimates for Royal Bank of Canada (NYSE:RY)

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