Erste Group Bank Has Bullish Estimate for RY FY2026 Earnings

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Erste Group Bank lifted their FY2026 EPS estimates for shares of Royal Bank Of Canada in a report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $12.83 per share for the year, up from their prior estimate of $11.54. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.75 per share. Erste Group Bank also issued estimates for Royal Bank Of Canada’s FY2027 earnings at $13.70 EPS.

Other equities research analysts have also issued reports about the company. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Argus set a $225.00 target price on shares of Royal Bank Of Canada in a research report on Thursday, June 11th. Finally, Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Stock Up 0.1%

Shares of NYSE:RY opened at $204.34 on Tuesday. The firm has a market capitalization of $283.34 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day moving average price of $209.08 and a 200-day moving average price of $188.22. Royal Bank Of Canada has a 52-week low of $143.13 and a 52-week high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, topping the consensus estimate of $2.89 by $0.18. The business had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%.

Institutional Investors Weigh In On Royal Bank Of Canada

Institutional investors have recently modified their holdings of the stock. FIL Ltd raised its position in shares of Royal Bank Of Canada by 1.1% in the 4th quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock worth $3,965,133,000 after purchasing an additional 255,465 shares during the last quarter. Norges Bank bought a new stake in Royal Bank Of Canada during the 4th quarter valued at about $3,472,382,000. Bank of Nova Scotia raised its holdings in Royal Bank Of Canada by 1.6% in the fourth quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock worth $2,596,904,000 after buying an additional 238,589 shares during the last quarter. Geode Capital Management LLC raised its holdings in Royal Bank Of Canada by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock worth $2,389,773,000 after buying an additional 882,253 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Royal Bank Of Canada by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 12,130,512 shares of the financial services provider’s stock worth $1,959,185,000 after buying an additional 250,859 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be issued a $1.76 dividend. This represents a $7.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada’s payout ratio is 43.39%.

About Royal Bank Of Canada

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.