FY2026 EPS Estimates for TSE:RY Raised by Erste Group Bank

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a research note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings per share of $15.86 for the year, up from their previous estimate of $15.68. 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 $17.22 EPS.

A number of other brokerages have also recently issued reports on RY. Jefferies Financial Group increased their price objective on shares of Royal Bank of Canada from C$217.00 to C$220.00 in a research note on Wednesday, February 11th. Barclays lifted their target price on shares of Royal Bank of Canada from C$244.00 to C$245.00 in a research report on Friday, February 27th. National Bank Financial increased their price target on shares of Royal Bank of Canada from C$241.00 to C$247.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Canaccord Genuity Group raised their price target on shares of Royal Bank of Canada from C$242.00 to C$255.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Scotiabank lifted their price objective on Royal Bank of Canada from C$242.00 to C$247.00 and gave the company an “outperform” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$244.58.

Royal Bank of Canada Price Performance

RY opened at C$222.00 on Thursday. Royal Bank of Canada has a fifty-two week low of C$151.25 and a fifty-two week high of C$240.34. The firm’s fifty day moving average price is C$228.96 and its two-hundred day moving average price is C$219.59. The company has a market capitalization of C$309.90 billion, a P/E ratio of 15.25, a P/E/G ratio of 3.42 and a beta of 1.22.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. The business had revenue of C$17.96 billion for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.