FY2026 EPS Estimates for TSE:RY Lifted by Erste Group Bank

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at Erste Group Bank raised their FY2026 earnings estimates for Royal Bank of Canada in a report released on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will earn $17.84 per share for the year, up from their prior estimate 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.

A number of other brokerages have also recently commented on RY. National Bank Financial increased their target price on Royal Bank of Canada from C$318.00 to C$321.00 and gave the company an “outperform” rating in a report on Sunday. Desjardins boosted their price target on Royal Bank of Canada from C$275.00 to C$320.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Barclays upped their target price on shares of Royal Bank of Canada from C$260.00 to C$300.00 in a report on Friday, August 21st. TD decreased their price target on shares of Royal Bank of Canada from C$307.00 to C$306.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Canaccord Genuity Group boosted their price target on shares of Royal Bank of Canada from C$310.00 to C$318.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$293.43.

Royal Bank of Canada Trading Down 0.3%

Shares of Royal Bank of Canada stock opened at C$283.40 on Tuesday. The firm has a market capitalization of C$392.35 billion, a PE ratio of 17.87, a P/E/G ratio of 3.42 and a beta of 1.05. Royal Bank of Canada has a twelve month low of C$197.58 and a twelve month high of C$306.38. 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 (TSE:RY) (NYSE:RY) last announced its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share (EPS) for the quarter. The business had revenue of C$18.54 billion for the quarter. Royal Bank of Canada had a net margin of 15.92% and a return on equity of 16.11%.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 24th were issued a dividend of $1.76 per share. The ex-dividend date was Monday, July 27th. This represents a $7.04 annualized dividend and a dividend yield of 2.5%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s payout ratio is presently 41.49%.

Insider Transactions 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 dated 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 transaction, the insider directly owned 235 shares in the company, valued at C$68,880.85. The trade was a 99.49% decrease in their position. Also, Director David Ian Mckay sold 133,130 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$287.21, for a total transaction of C$38,236,267.30. Following the completion of the sale, the director directly 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 have sold a total of 352,767 shares of company stock worth $100,643,023 in the last quarter.

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.