TSE:RY FY2026 EPS Estimate Raised by Erste Group Bank

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities research analysts at Erste Group Bank upped their FY2026 EPS estimates for Royal Bank of Canada in a research note issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will earn $17.84 per share for the year, up from their prior forecast of $16.08. 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 $19.05 EPS.

Several other research firms also recently weighed in on RY. Canadian Imperial Bank of Commerce lifted their target price on shares of Royal Bank of Canada from C$279.00 to C$311.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Scotia lifted their price objective on Royal Bank of Canada from C$311.00 to C$312.00 and gave the company a “sector outperform” rating in a research note on Friday. Jefferies Financial Group boosted their price objective on Royal Bank of Canada from C$240.00 to C$268.00 in a report on Thursday, August 13th. Barclays increased their target price on Royal Bank of Canada from C$260.00 to C$300.00 in a research note on Friday, August 21st. Finally, TD lowered their target price on Royal Bank of Canada from C$307.00 to C$306.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$293.43.

Royal Bank of Canada Stock Performance

Shares of RY stock opened at C$283.40 on Tuesday. The firm’s 50 day moving average price is C$293.42 and its 200-day moving average price is C$261.21. Royal Bank of Canada has a one year low of C$197.58 and a one year high of C$306.38. The firm has a market cap of C$392.35 billion, a P/E ratio of 17.87, a P/E/G ratio of 3.42 and a beta of 1.05.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share for the quarter. Royal Bank of Canada had a net margin of 15.92% and a return on equity of 16.11%. The business had revenue of C$18.54 billion during the quarter.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were issued a dividend of $1.76 per share. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.64. The ex-dividend date was Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a yield of 2.5%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 41.49%.

Insider Buying and Selling at Royal Bank of Canada

In other Royal Bank of Canada news, insider Bruce Washington Ross sold 45,670 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of C$293.11, for a total value of C$13,386,333.70. Following the completion of the transaction, the insider owned 235 shares in the company, valued at C$68,880.85. The trade was a 99.49% decrease in their ownership of the stock. Also, Director David Ian Mckay sold 133,130 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of C$287.21, for a total transaction of C$38,236,267.30. Following the completion of the transaction, the director owned 5,873 shares of the company’s stock, valued at approximately C$1,686,784.33. This trade represents a 95.77% decrease in their position. Insiders sold 352,767 shares of company stock valued at $100,643,023 in the last 90 days.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.