FY2026 EPS Forecast for Royal Bank of Canada Cut by Analyst

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Erste Group Bank reduced their FY2026 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will post earnings of $16.37 per share for the year, down from their previous forecast of $17.84. 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 $17.82 EPS.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%.The firm had revenue of C$18.54 billion during the quarter.

RY has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price target on Royal Bank of Canada from C$316.00 to C$324.00 in a report on Monday, August 31st. Scotiabank upped their price target on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. Raymond James Financial increased their price objective on shares of Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. Scotia raised their price objective on shares of Royal Bank of Canada from C$311.00 to C$312.00 and gave the company a “sector outperform” rating in a research report on Friday, August 28th. Finally, Jefferies Financial Group boosted their target price on shares of Royal Bank of Canada from C$268.00 to C$271.00 in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average target price of C$292.86.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$284.21 on Monday. The business’s fifty day moving average is C$292.52 and its two-hundred day moving average is C$265.38. The firm has a market cap of C$393.47 billion, a P/E ratio of 17.92, a P/E/G ratio of 3.42 and a beta of 0.94. Royal Bank of Canada has a 52 week low of C$199.54 and a 52 week high of C$306.38.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 24th were paid a dividend of $1.76 per share. 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. The ex-dividend date of this dividend was Monday, July 27th. Royal Bank of Canada’s payout ratio is currently 41.49%.

Insider Transactions at Royal Bank of Canada

In related news, insider Bruce Washington Ross sold 45,670 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of C$293.11, for a total value of C$13,386,333.70. Following the transaction, the insider owned 235 shares in the company, valued at C$68,880.85. This trade represents a 99.49% decrease in their ownership of the stock. Also, Director David Ian Mckay sold 133,130 shares of Royal Bank of Canada stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$287.21, for a total value of C$38,236,267.30. Following the completion of the sale, the director owned 5,873 shares of the company’s stock, valued at approximately C$1,686,784.33. The trade was a 95.77% decrease in their ownership of the stock. Over the last three months, insiders sold 292,398 shares of company stock worth $84,179,616.

Royal Bank of Canada Company Profile

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.