Royal Bank of Canada (TSE:RY) (NYSE:RY) will be announcing its earnings results before the market opens on Friday, February 23rd. Analysts expect the company to announce earnings of C$1.96 per share for the quarter.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.04. Royal Bank of Canada had a net margin of 26.20% and a return on equity of 16.63%.
Royal Bank of Canada (TSE:RY) opened at C$100.49 on Wednesday. Royal Bank of Canada has a 1-year low of C$90.13 and a 1-year high of C$108.52. The firm has a market cap of $146,800.00, a P/E ratio of 13.29 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $3.64 dividend on an annualized basis and a yield of 3.62%. Royal Bank of Canada’s payout ratio is currently 46.03%.
In other news, insider Alex Douglas Mcgregor sold 7,403 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$101.73, for a total transaction of C$753,107.19. Also, insider Helena Gottschling sold 1,080 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of C$108.12, for a total transaction of C$116,769.60. Over the last quarter, insiders have sold 13,835 shares of company stock valued at $1,448,535.
A number of equities analysts recently weighed in on RY shares. Eight Capital upgraded shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$107.00 to C$113.00 in a report on Monday, December 11th. Desjardins boosted their price objective on shares of Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. CSFB boosted their target price on shares of Royal Bank of Canada from C$105.00 to C$108.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. BMO Capital Markets boosted their target price on shares of Royal Bank of Canada from C$100.00 to C$102.00 and gave the company a “market perform” rating in a research note on Thursday, November 30th. Finally, CIBC boosted their target price on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a research note on Monday, November 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$108.17.
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About Royal Bank of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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