Royal Bank of Canada (RY) Expected to Announce Earnings on Thursday

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Royal Bank of Canada to post earnings of $2.28 per share and revenue of $15.51 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Royal Bank of Canada Stock Down 0.4 %

Shares of RY traded down $0.47 during midday trading on Friday, hitting $119.19. The company had a trading volume of 540,417 shares, compared to its average volume of 1,207,429. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The company's 50 day moving average price is $120.61 and its 200 day moving average price is $121.01. The stock has a market cap of $168.57 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.81 and a beta of 0.87. Royal Bank of Canada has a 52 week low of $95.84 and a 52 week high of $128.05.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a $1.0522 dividend. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.03. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Monday, January 27th. Royal Bank of Canada's dividend payout ratio is currently 49.76%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RY. StockNews.com cut shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a research report on Wednesday, January 1st. TD Securities cut shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. BMO Capital Markets lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Finally, Barclays upgraded shares of Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

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.