Royal Bank Of Canada (RY) Forecasted to Post Q1 2018 Earnings of $1.58 Per Share

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Stock analysts at Cormark issued their Q1 2018 earnings per share estimates for Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. Cormark analyst M. Grauman anticipates that the financial services provider will post earnings per share of $1.58 for the quarter. Cormark also issued estimates for Royal Bank Of Canada’s Q2 2018 earnings at $1.57 EPS, Q3 2018 earnings at $1.64 EPS, Q4 2018 earnings at $1.63 EPS, Q1 2019 earnings at $1.68 EPS, Q3 2019 earnings at $1.77 EPS, Q4 2019 earnings at $1.77 EPS and FY2019 earnings at $6.90 EPS.

A number of other analysts have also recently weighed in on the company. Scotiabank restated a “hold” rating and issued a $101.00 price target on shares of Royal Bank Of Canada in a research note on Wednesday, November 22nd. Zacks Investment Research cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Macquarie initiated coverage on Royal Bank Of Canada in a research note on Tuesday, October 24th. They issued an “underperform” rating on the stock. Canaccord Genuity restated a “hold” rating and issued a $105.00 price target on shares of Royal Bank Of Canada in a research note on Wednesday, November 29th. Finally, Howard Weil cut Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Royal Bank Of Canada has an average rating of “Hold” and an average target price of $93.60.

Royal Bank Of Canada (NYSE RY) traded down $0.09 during trading on Monday, reaching $79.71. The company’s stock had a trading volume of 562,909 shares, compared to its average volume of 979,747. Royal Bank Of Canada has a one year low of $66.03 and a one year high of $80.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $115,955.79, a PE ratio of 13.83, a PEG ratio of 1.80 and a beta of 1.07.

Several hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC purchased a new position in shares of Royal Bank Of Canada during the third quarter worth about $153,000. Guardian Capital LP grew its holdings in shares of Royal Bank Of Canada by 3.9% during the third quarter. Guardian Capital LP now owns 4,445,146 shares of the financial services provider’s stock worth $343,017,000 after buying an additional 167,744 shares during the last quarter. Guardian Capital Advisors LP grew its holdings in shares of Royal Bank Of Canada by 0.4% during the third quarter. Guardian Capital Advisors LP now owns 437,257 shares of the financial services provider’s stock worth $44,057,000 after buying an additional 1,571 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Royal Bank Of Canada by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 36,703 shares of the financial services provider’s stock worth $2,839,000 after buying an additional 1,287 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Royal Bank Of Canada by 94.5% during the third quarter. Jane Street Group LLC now owns 62,741 shares of the financial services provider’s stock worth $4,853,000 after buying an additional 30,491 shares during the last quarter. 40.54% of the stock is currently owned by institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, January 24th. Royal Bank Of Canada’s payout ratio is 49.83%.

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About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Earnings History and Estimates for Royal Bank Of Canada (NYSE:RY)

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