What is Erste Group Bank’s Forecast for RY FY2026 Earnings?

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Erste Group Bank lifted their FY2026 earnings per share estimates for Royal Bank Of Canada in a note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will post earnings per share of $11.52 for the year, up from their prior estimate of $11.45. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.Royal Bank Of Canada’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.62 EPS.

Several other brokerages also recently commented on RY. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. Raymond James Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Stock Down 1.4%

Royal Bank Of Canada stock opened at $160.17 on Thursday. The firm has a market capitalization of $223.88 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.22 and a beta of 0.79. The company’s 50 day simple moving average is $167.34 and its 200 day simple moving average is $158.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 575 shares during the period. AQR Capital Management LLC increased its holdings in Royal Bank Of Canada by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 4,460 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Royal Bank Of Canada by 57.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,934 shares in the last quarter. MAI Capital Management raised its stake in shares of Royal Bank Of Canada by 99.1% in the 2nd quarter. MAI Capital Management now owns 1,350 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 672 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at about $77,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.74%.

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.