Brokers Issue Forecasts for TSE:RY FY2026 Earnings

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at National Bank Financial issued their FY2026 EPS estimates for shares of Royal Bank of Canada in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will earn $14.40 per share for the year. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

RY has been the topic of a number of other reports. Canaccord Genuity Group boosted their target price on Royal Bank of Canada from C$172.00 to C$188.00 in a research report on Tuesday. Bank of America increased their price objective on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Desjardins lifted their target price on shares of Royal Bank of Canada from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. BMO Capital Markets increased their price target on shares of Royal Bank of Canada from C$165.00 to C$195.00 in a research report on Monday. Finally, CIBC lifted their price objective on Royal Bank of Canada from C$166.00 to C$167.00 in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$168.00.

Royal Bank of Canada Price Performance

RY opened at C$170.30 on Thursday. Royal Bank of Canada has a 1-year low of C$115.57 and a 1-year high of C$175.04. The stock has a market cap of C$240.12 billion, a P/E ratio of 15.08, a P/E/G ratio of 3.42 and a beta of 0.84. The stock’s 50 day simple moving average is C$169.69 and its 200 day simple moving average is C$156.22.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, topping analysts’ consensus estimates of C$2.95 by C$0.31. Royal Bank of Canada had a net margin of 28.67% and a return on equity of 13.68%. The firm had revenue of C$14.63 billion for the quarter, compared to the consensus estimate of C$14.27 billion.

Insider Buying and Selling

In other news, Senior Officer Douglas Antony Guzman sold 7,500 shares of Royal Bank of Canada stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$166.96, for a total value of C$1,252,207.50. Following the transaction, the insider now directly owns 25 shares of the company’s stock, valued at C$4,174.03. The trade was a 99.67 % decrease in their position. Also, Director David Ian Mckay sold 74,852 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$164.59, for a total value of C$12,320,115.24. Over the last three months, insiders have sold 144,770 shares of company stock valued at $23,959,265.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, October 24th. Royal Bank of Canada’s dividend payout ratio is currently 50.31%.

Royal Bank of Canada 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, including auto financing, 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.