Royal Bank of Canada (RY.TO) Expected to Post FY2022 Earnings of $9.68 Per Share (TSE:RY)


Royal Bank of Canada (RY.TO) (TSE:RY) (NYSE:RY) – Research analysts at National Bank Financial issued their FY2022 earnings per share (EPS) estimates for shares of Royal Bank of Canada (RY.TO) in a report released on Sunday, January 10th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will earn $9.68 per share for the year. National Bank Financial currently has a “Outperform” rating and a $117.00 target price on the stock.

Royal Bank of Canada (RY.TO) (TSE:RY) (NYSE:RY) last issued its earnings results on Wednesday, December 2nd. The financial services provider reported C$2.27 EPS for the quarter, beating the Zacks’ consensus estimate of C$2.03 by C$0.24. The firm had revenue of C$11.09 billion during the quarter, compared to analysts’ expectations of C$11.58 billion.

Other equities research analysts have also issued research reports about the company. Scotiabank dropped their target price on Royal Bank of Canada (RY.TO) from C$125.00 to C$122.00 in a research report on Thursday, December 3rd. Canaccord Genuity upped their target price on Royal Bank of Canada (RY.TO) from C$107.00 to C$113.50 in a research report on Thursday, December 3rd. Fundamental Research upped their price objective on Royal Bank of Canada (RY.TO) from C$89.93 to C$102.97 and gave the stock a “hold” rating in a research report on Tuesday, December 8th. BMO Capital Markets upped their price objective on Royal Bank of Canada (RY.TO) from C$106.00 to C$111.00 in a research report on Monday, December 14th. Finally, CIBC upped their price objective on Royal Bank of Canada (RY.TO) from C$127.00 to C$128.00 in a research report on Thursday, December 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Royal Bank of Canada (RY.TO) currently has a consensus rating of “Buy” and a consensus price target of C$110.13.

Shares of TSE RY opened at C$108.46 on Tuesday. The business’s 50 day moving average price is C$105.85 and its 200 day moving average price is C$98.62. The firm has a market cap of C$154.35 billion and a P/E ratio of 13.86. Royal Bank of Canada has a 52 week low of C$72.00 and a 52 week high of C$109.42.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 24th. Stockholders of record on Tuesday, January 26th will be given a dividend of $1.08 per share. The ex-dividend date is Monday, January 25th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.98%. Royal Bank of Canada (RY.TO)’s dividend payout ratio (DPR) is 54.84%.

In related news, Senior Officer Helena Gottschling sold 691 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of C$97.23, for a total value of C$67,183.51. Following the completion of the transaction, the insider now directly owns 1,273 shares of the company’s stock, valued at approximately C$123,769.33. Also, Director David Ian Mckay sold 7,515 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of C$97.19, for a total value of C$730,392.62. Following the completion of the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at C$570,804.50. Insiders have sold a total of 15,721 shares of company stock worth $1,577,601 in the last quarter.

Royal Bank of Canada (RY.TO) Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company’s Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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Earnings History and Estimates for Royal Bank of Canada (RY.TO) (TSE:RY)



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