Royal Bank Of Canada (RY) to Post FY2019 Earnings of $6.74 Per Share, National Bank Financial Forecasts
Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at National Bank Financial issued their FY2019 earnings estimates for shares of Royal Bank Of Canada in a research report issued on Monday. National Bank Financial analyst G. Dechaine expects that the financial services provider will post earnings of $6.74 per share for the year.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Macquarie initiated coverage on shares of Royal Bank Of Canada in a research report on Tuesday, October 24th. They set an “underperform” rating on the stock. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Howard Weil cut shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, Scotiabank cut shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Royal Bank Of Canada presently has an average rating of “Hold” and an average price target of $80.00.
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Shares of Royal Bank Of Canada (NYSE RY) traded up $0.84 during trading hours on Wednesday, hitting $79.79. 728,565 shares of the stock traded hands, compared to its average volume of 976,088. The firm has a market cap of $116,600.00, a PE ratio of 14.27, a PEG ratio of 1.94 and a beta of 1.08. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. Royal Bank Of Canada has a one year low of $64.82 and a one year high of $80.98.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. The firm had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the business earned $1.72 EPS.
Several institutional investors and hedge funds have recently bought and sold shares of RY. Quadrant Capital Group LLC raised its position in Royal Bank Of Canada by 4.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after buying an additional 65 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Royal Bank Of Canada during the 3rd quarter valued at approximately $153,000. Proficio Capital Partners LLC grew its stake in shares of Royal Bank Of Canada by 1.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 26 shares during the period. Asset Advisors Corp bought a new position in shares of Royal Bank Of Canada during the 3rd quarter valued at approximately $178,000. Finally, Mckinley Capital Management LLC Delaware bought a new position in shares of Royal Bank Of Canada during the 2nd quarter valued at approximately $191,000. 40.75% of the stock is owned by hedge funds and other institutional investors.
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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