FY2026 Earnings Estimate for TSE:RY Issued By Cormark

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Research analysts at Cormark increased their FY2026 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a research report issued to clients and investors on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $14.05 per share for the year, up from their prior estimate of $13.87. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

A number of other research firms also recently weighed in on RY. Scotiabank reduced their price target on shares of Royal Bank of Canada from C$197.00 to C$191.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. CIBC cut their price target on Royal Bank of Canada from C$176.00 to C$175.00 in a report on Tuesday, February 18th. BMO Capital Markets dropped their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. National Bankshares raised their target price on Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group upped their price objective on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Royal Bank of Canada has an average rating of "Buy" and a consensus price target of C$180.50.

Royal Bank of Canada Trading Down 2.9 %

TSE RY traded down C$4.90 during midday trading on Monday, hitting C$166.52. The company had a trading volume of 6,201,687 shares, compared to its average volume of 4,580,198. Royal Bank of Canada has a twelve month low of C$130.44 and a twelve month high of C$180.45. The company has a market capitalization of C$235.63 billion, a PE ratio of 14.51, a P/E/G ratio of 3.42 and a beta of 0.84. The firm has a 50-day moving average price of C$172.61 and a 200-day moving average price of C$169.41.

Insiders Place Their Bets

In other Royal Bank of Canada news, Senior Officer Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$169.67, for a total value of C$52,257.10. Also, Director David Ian Mckay sold 20,304 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of C$169.67, for a total value of C$3,444,896.43. In the last ninety days, insiders sold 42,762 shares of company stock valued at $7,379,177.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.56%. Royal Bank of Canada's dividend payout ratio (DPR) is presently 49.49%.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.