What is Erste Group Bank’s Estimate for RY FY2027 Earnings?

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Analysts at Erste Group Bank cut their FY2027 earnings per share estimates for Royal Bank Of Canada in a research note issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings of $12.50 per share for the year, down from their prior estimate of $12.56. 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, topping the consensus estimate of $2.81 by $0.13. The company had revenue of $13.18 billion during the quarter, compared to analyst estimates of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.62 earnings per share.

A number of other analysts also recently issued reports on RY. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. Raymond James Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd. National Bank Financial reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Finally, TD Securities upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $158.32 on Friday. 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 1-year low of $106.10 and a 1-year high of $176.19. The firm has a market capitalization of $221.29 billion, a P/E ratio of 15.15, a P/E/G ratio of 1.21 and a beta of 0.79. The business’s 50-day simple moving average is $167.12 and its 200-day simple moving average is $158.94.

Royal Bank Of Canada Dividend Announcement

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

Institutional Trading of Royal Bank Of Canada

A number of hedge funds have recently made changes to their positions in RY. Harvest Fund Management Co. Ltd acquired a new position in shares of Royal Bank Of Canada during the fourth quarter worth $25,000. Tradewinds Capital Management LLC acquired a new stake in Royal Bank Of Canada during the 4th quarter valued at $26,000. Johnson Financial Group Inc. purchased a new stake in Royal Bank Of Canada during the 3rd quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in Royal Bank Of Canada during the 3rd quarter worth $29,000. Finally, True Wealth Design LLC acquired a new position in Royal Bank Of Canada in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

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.