Royal Bank of Canada (RY) Scheduled to Post Quarterly Earnings on Wednesday

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY will release its earnings data before the market opens on Wednesday, December 4th. Analysts expect Royal Bank of Canada to post earnings of $2.20 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.23. The company had revenue of $10.68 billion for the quarter, compared to analyst estimates of $10.40 billion. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. On average, analysts expect Royal Bank of Canada to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Royal Bank of Canada Price Performance

Shares of RY opened at $124.15 on Wednesday. The firm has a market capitalization of $175.51 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87. Royal Bank of Canada has a one year low of $85.02 and a one year high of $126.96. The stock's fifty day moving average is $123.44 and its 200-day moving average is $115.04.

Analysts Set New Price Targets

RY has been the topic of a number of research analyst reports. Barclays raised Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a report on Thursday, November 21st. BMO Capital Markets lifted their target price on Royal Bank of Canada from $151.00 to $165.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Finally, TD Securities lowered Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $142.50.

About Royal Bank of Canada

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.