Royal Bank of Canada (TSE:RY – Free Report) (NYSE:RY) – Analysts at Erste Group Bank decreased their FY2026 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $16.37 per share for the year, down from their prior forecast of $17.84. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share. Erste Group Bank also issued estimates for Royal Bank of Canada’s FY2027 earnings at $17.82 EPS.
Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last posted its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 EPS for the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%.The firm had revenue of C$18.54 billion during the quarter.
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Royal Bank of Canada Stock Performance
Shares of RY opened at C$285.19 on Monday. The company’s fifty day moving average is C$292.77 and its 200 day moving average is C$265.05. Royal Bank of Canada has a fifty-two week low of C$199.27 and a fifty-two week high of C$306.38. The stock has a market capitalization of C$394.83 billion, a PE ratio of 17.98, a P/E/G ratio of 3.42 and a beta of 0.94.
Insider Activity
In related news, insider Bruce Washington Ross sold 3,659 shares of Royal Bank of Canada stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$1,024,410.23. Following the completion of the transaction, the insider directly owned 235 shares of the company’s stock, valued at approximately C$65,792.95. The trade was a 93.97% decrease in their position. Also, insider Kelly Bradley sold 1,644 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of C$283.03, for a total transaction of C$465,301.32. Following the transaction, the insider owned 1,043 shares in the company, valued at C$295,200.29. The trade was a 61.18% decrease in their ownership of the stock. Over the last quarter, insiders have sold 292,398 shares of company stock valued at $84,179,616.
Royal Bank of Canada Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were given a dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.64. The ex-dividend date was Monday, July 27th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 41.49%.
Royal Bank of Canada Company Profile
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.
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