What is Cormark's Estimate for TSE:RY FY2026 Earnings?

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Stock analysts at Cormark lifted their FY2026 earnings per share 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 per share of $14.05 for the year, up from their previous estimate of $13.87. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

Several other research analysts have also recently issued reports on RY. National Bankshares upped their target price on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. Scotiabank decreased their price objective on shares of Royal Bank of Canada from C$197.00 to C$191.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. UBS Group dropped their price objective on Royal Bank of Canada from C$200.00 to C$192.00 in a report on Friday, February 14th. BMO Capital Markets reduced their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group raised their price target on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Royal Bank of Canada has a consensus rating of "Buy" and an average target price of C$181.83.

Royal Bank of Canada Stock Up 2.7 %

RY traded up C$4.46 on Monday, reaching C$170.98. The company's stock had a trading volume of 4,373,100 shares, compared to its average volume of 4,573,679. The company has a market capitalization of C$241.94 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$130.44 and a fifty-two week high of C$180.45. The stock has a 50 day moving average of C$172.49 and a two-hundred day moving average of C$169.54.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors 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 yield of 3.46%. Royal Bank of Canada's dividend payout ratio is currently 49.49%.

Insiders Place Their Bets

In related news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total transaction of C$3,555,721.76. Over the last three months, insiders have sold 42,762 shares of company stock worth $7,379,177.

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.