FY2026 Earnings Estimate for RY Issued By Cormark

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

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

Other research analysts have also recently issued reports about the company. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets boosted their price target 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average price target of $142.50.

Royal Bank of Canada Trading Down 0.1 %

Shares of NYSE:RY opened at $124.15 on Tuesday. The stock has a 50 day moving average of $123.44 and a 200 day moving average of $115.04. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. Royal Bank of Canada has a 12-month low of $85.02 and a 12-month high of $126.96. The company has a market cap of $175.51 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86.

Institutional Trading of Royal Bank of Canada

Hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC purchased a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Royal Bank of Canada by 110.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 118 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in shares of Royal Bank of Canada during the 3rd quarter valued at approximately $28,000. 45.31% of the stock is owned by hedge funds and other institutional investors.

About Royal Bank of Canada

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.