Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Desjardins upped their Q1 2018 EPS estimates for Royal Bank of Canada in a research note issued to investors on Friday. Desjardins analyst D. Young now expects that the financial services provider will post earnings per share of $1.95 for the quarter, up from their previous estimate of $1.91. Desjardins also issued estimates for Royal Bank of Canada’s FY2018 earnings at $8.06 EPS and FY2019 earnings at $8.70 EPS.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.
Shares of Royal Bank of Canada (RY) opened at C$100.48 on Monday. Royal Bank of Canada has a fifty-two week low of C$90.13 and a fifty-two week high of C$108.52. The stock has a market capitalization of $146,790.00, a PE ratio of 13.29 and a beta of 0.71.
In other Royal Bank of Canada news, insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of C$101.18, for a total value of C$34,805.92. Also, Director Jeffery William Yabuki bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was acquired at an average cost of C$79.63 per share, for a total transaction of C$79,630.00. Over the last ninety days, insiders sold 19,531 shares of company stock worth $2,024,910.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio is presently 46.03%.
Royal Bank of Canada Company Profile
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.
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