Erste Group Bank Analysts Increase Earnings Estimates for RY

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at Erste Group Bank raised their FY2027 earnings per share (EPS) estimates for Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings per share of $12.57 for the year, up from their previous forecast of $12.41. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.41 per share.

RY has been the topic of a number of other reports. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Argus set a $225.00 target price on Royal Bank Of Canada in a research note on Thursday, June 11th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Finally, TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock opened at $210.93 on Tuesday. The firm has a market capitalization of $292.48 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80. Royal Bank Of Canada has a one year low of $132.51 and a one year high of $218.57. The stock’s 50 day moving average price is $205.74 and its 200 day moving average price is $184.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. The company had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.12 earnings per share.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be issued a $1.76 dividend. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 annualized dividend and a dividend yield of 3.3%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 44.56%.

Institutional Investors Weigh In On Royal Bank Of Canada

Hedge funds have recently added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of Royal Bank Of Canada in the 2nd quarter worth about $28,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Royal Bank Of Canada during the second quarter valued at approximately $32,000. Key Financial Inc grew its holdings in Royal Bank Of Canada by 63.0% in the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after buying an additional 63 shares in the last quarter. Finally, Maseco LLP increased its position in Royal Bank Of Canada by 355.0% in the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 142 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Key Royal Bank Of Canada News

Here are the key news stories impacting Royal Bank Of Canada this week:

• Positive Sentiment: Moneris sale adds capital: The divestiture should provide RBC with additional capital and flexibility for investments, acquisitions, or shareholder returns. Analysts described the transaction as adding to the banks’ “war chests,” although it also removes RBC’s exposure to Moneris’ future growth. RBC and BMO sell Moneris
• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its FY2027 EPS estimate for RY to $12.57 from $12.41, above the broader current-year consensus estimate of $11.41. The revision signals improving confidence in RBC’s earnings outlook. Analysts raise RBC earnings estimate
• Positive Sentiment: Asset-management growth opportunity: RBC’s asset-management unit reopened a C$13.9 billion bond fund to new investors amid strong Canadian high-yield issuance. Increased demand could support fee revenue and RBC’s broader wealth-management business. RBC reopens bond fund
• Neutral Sentiment: New investment products: The RBC iShares alliance launched XINT, a global ex-North America equity ETF, and IBQT, an equity-and-bitcoin portfolio ETF. The products broaden distribution and potential fee-generating opportunities, but their immediate earnings impact is likely limited. Bitcoin exposure also carries added volatility and regulatory risk. RBC iShares launches ETFs
• Neutral Sentiment: Analyst view remains favorable: Analysts gave RY an average “Moderate Buy” recommendation, supporting the constructive outlook but offering no major new catalyst. RBC is also contributing more than $1 million to a YMCA early-childhood educator training program, a positive community initiative with minimal near-term financial impact. RBC analyst recommendation RBC Foundation YMCA program

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.