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

Royal Bank of Canada (NYSE:RY) (TSE:RY) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Royal Bank of Canada to post earnings of $2.29 per share and revenue of $15.43 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Royal Bank of Canada Stock Performance

RY opened at $120.52 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The company has a market cap of $170.45 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.78 and a beta of 0.87. Royal Bank of Canada has a 52-week low of $95.84 and a 52-week high of $128.05. The firm’s fifty day simple moving average is $120.71 and its two-hundred day simple moving average is $121.02.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be issued a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a yield of 3.49%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 49.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets reduced their target price on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, StockNews.com cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five 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 an average target price of $156.50.

Royal Bank of Canada Company Profile

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.