National Bank Financial Forecasts RY FY2026 Earnings

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Research analysts at National Bank Financial issued their FY2026 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will post earnings per share of $10.37 for the year. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.88 per share.

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

RY has been the topic of a number of other reports. TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price target on Royal Bank of Canada from $151.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $142.50.

Royal Bank of Canada Price Performance

NYSE RY opened at $121.79 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.12. The company has a market cap of $172.17 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86. Royal Bank of Canada has a 52 week low of $85.02 and a 52 week high of $126.96. The firm’s 50-day simple moving average is $123.34 and its two-hundred day simple moving average is $114.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in Royal Bank of Canada during the third quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in Royal Bank of Canada in the third quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new stake in Royal Bank of Canada during the 3rd quarter valued at $26,000. Ridgewood Investments LLC purchased a new stake in shares of Royal Bank of Canada during the second quarter worth about $27,000. Finally, Grove Bank & Trust purchased a new position in Royal Bank of Canada during the 3rd quarter valued at about $28,000. 45.31% of the stock is currently owned by institutional investors.

Royal Bank of Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be given a dividend of $1.028 per share. This represents a $4.11 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, October 24th. Royal Bank of Canada’s payout ratio is 50.79%.

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.