Royal Bank of Canada (RY) Projected to Post Earnings on Thursday

Royal Bank of Canada (NYSE:RY) (TSE:RY) is anticipated to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Royal Bank of Canada to post earnings of $2.28 per share and revenue of $15.56 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Royal Bank of Canada Trading Up 0.6 %

RY opened at $119.25 on Wednesday. The stock has a market capitalization of $168.66 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.80 and a beta of 0.87. Royal Bank of Canada has a 12 month low of $95.84 and a 12 month high of $128.05. The firm’s fifty day simple moving average is $120.29 and its 200 day simple moving average is $121.44. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, January 27th were paid a $1.0522 dividend. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Monday, January 27th. Royal Bank of Canada’s payout ratio is presently 49.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RY shares. BMO Capital Markets lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

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.