Royal Bank Of Canada (RY) Scheduled to Post Quarterly Earnings on Wednesday
Royal Bank Of Canada (NYSE:RY) (TSE:RY) will announce its earnings results before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $1.36 per share for the quarter.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, May 25th. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. The business had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.88 billion. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. During the same period in the prior year, the company posted $1.66 earnings per share. On average, analysts expect Royal Bank Of Canada to post $5.82 EPS for the current fiscal year and $6.15 EPS for the next fiscal year.
Royal Bank Of Canada (NYSE:RY) opened at 73.22 on Wednesday. Royal Bank Of Canada has a 52 week low of $60.50 and a 52 week high of $76.01. The firm has a market capitalization of $106.67 billion, a price-to-earnings ratio of 12.50 and a beta of 1.07. The company has a 50 day moving average price of $74.14 and a 200-day moving average price of $72.04.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a $0.6439 dividend. The ex-dividend date is Monday, July 24th. This represents a $2.58 annualized dividend and a yield of 3.52%. Royal Bank Of Canada’s dividend payout ratio is presently 49.36%.
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A number of equities analysts have recently commented on the company. Zacks Investment Research raised Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target for the company in a report on Wednesday, August 9th. Canaccord Genuity started coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating for the company. BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. Royal Bank Of Canada currently has a consensus rating of “Hold” and an average target price of $85.63.
About Royal Bank Of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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