FY2026 Earnings Estimate for RY Issued By Cormark

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Research analysts at Cormark issued their FY2026 earnings estimates for Royal Bank of Canada in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud forecasts that the financial services provider will post earnings per share of $9.95 for the year. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.37 per share.

A number of other analysts have also recently issued reports on RY. BMO Capital Markets increased their price objective on Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. Finally, TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.50.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at $124.30 on Tuesday. The firm has a market capitalization of $175.72 billion, a P/E ratio of 15.03, a PEG ratio of 1.93 and a beta of 0.86. Royal Bank of Canada has a one year low of $85.02 and a one year high of $126.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average price of $123.41 and a 200-day moving average price of $114.89.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.15 by $0.23. Royal Bank of Canada had a net margin of 12.28% and a return on equity of 15.17%. The company had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $10.40 billion.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were given a $1.028 dividend. This represents a $4.11 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, October 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is 50.79%.

Institutional Investors Weigh In On Royal Bank of Canada

Hedge funds have recently bought and sold shares of the stock. Addison Advisors LLC raised its position in shares of Royal Bank of Canada by 9.5% during the 3rd quarter. Addison Advisors LLC now owns 945 shares of the financial services provider’s stock valued at $118,000 after buying an additional 82 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in Royal Bank of Canada by 1.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 5,823 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 92 shares in the last quarter. Drive Wealth Management LLC lifted its stake in Royal Bank of Canada by 3.4% during the third quarter. Drive Wealth Management LLC now owns 2,799 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 92 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Royal Bank of Canada by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 6,160 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 95 shares in the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Royal Bank of Canada by 3.8% during the 1st quarter. Shell Asset Management Co. now owns 2,711 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 100 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors.

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.