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.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/royal-bank-of-canada-ry-set-to-announce-quarterly-earnings-on-wednesday/1492758.html.

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.

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with Analyst Ratings Network's FREE daily email newsletter.