Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Wednesday
Royal Bank of Canada (TSE:RY) (NYSE:RY) will issue its quarterly earnings data before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $1.87 per share for the quarter.
Shares of Royal Bank of Canada (TSE:RY) opened at 93.33 on Wednesday. The company has a market cap of $135.97 billion and a P/E ratio of 12.70. Royal Bank of Canada has a 12-month low of $79.74 and a 12-month high of $99.90. The company has a 50-day moving average price of $94.25 and a 200-day moving average price of $95.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Monday, July 24th.
Several research analysts have recently weighed in on the company. Scotiabank lifted their price objective on Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research report on Friday, May 26th. National Bank Financial reiterated a “sector perform” rating and set a C$99.00 price target on shares of Royal Bank of Canada in a research note on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$95.83.
In other Royal Bank of Canada news, Director David Ian Mckay sold 3,578 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of C$92.82, for a total transaction of C$332,109.96. Also, insider Jennifer Anne Tory sold 362 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of C$92.87, for a total transaction of C$33,618.94. Over the last ninety days, insiders have sold 44,340 shares of company stock valued at $4,121,794.
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Royal Bank of Canada Company Profile
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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