Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities research analysts at Desjardins cut their FY2019 earnings per share (EPS) estimates for Royal Bank of Canada in a note issued to investors on Wednesday, November 28th. Desjardins analyst D. Young now anticipates that the financial services provider will earn $9.00 per share for the year, down from their previous estimate of $9.01.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Wednesday, November 28th. The financial services provider reported C$2.24 earnings per share for the quarter, topping the consensus estimate of C$2.12 by C$0.12. The firm had revenue of C$10.67 billion for the quarter, compared to analysts’ expectations of C$11.13 billion.
TSE RY opened at C$97.45 on Monday. Royal Bank of Canada has a twelve month low of C$93.13 and a twelve month high of C$108.52.
In other news, insider Helena Gottschling sold 1,079 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of C$104.05, for a total transaction of C$112,269.95. Also, insider Alex Douglas Mcgregor sold 10,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of C$98.06, for a total transaction of C$980,600.00. Over the last 90 days, insiders have bought 900 shares of company stock worth $69,849 and have sold 44,081 shares worth $4,369,460.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, January 24th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, January 23rd. Royal Bank of Canada’s dividend payout ratio is currently 46.84%.
Royal Bank of Canada Company Profile
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.
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