What is Cormark’s Estimate for TSE:RY FY2026 Earnings?

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at Cormark increased their FY2026 earnings estimates for shares of Royal Bank of Canada in a research note issued on Friday, February 21st. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $14.05 per share for the year, up from their prior forecast of $13.87. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

RY has been the subject of several other reports. BMO Capital Markets cut their target price on shares of Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. Jefferies Financial Group cut their price target on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research report on Tuesday, February 18th. UBS Group cut their price target on shares of Royal Bank of Canada from C$200.00 to C$192.00 in a research report on Friday, February 14th. National Bankshares upped their price target on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group upped their price target on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$180.50.

Royal Bank of Canada Stock Performance

Shares of TSE:RY opened at C$169.14 on Monday. Royal Bank of Canada has a 52-week low of C$130.44 and a 52-week high of C$180.45. The firm has a fifty day moving average of C$172.76 and a 200 day moving average of C$169.09. The firm has a market capitalization of C$239.33 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 24th were paid a $1.48 dividend. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Monday, January 27th. Royal Bank of Canada’s dividend payout ratio is presently 49.49%.

Insider Buying and Selling

In related news, Senior Officer Graeme Ashley Hepworth sold 308 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$53,938.25. Also, Director David Ian Mckay sold 20,304 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$3,555,721.76. Insiders sold a total of 22,150 shares of company stock valued at $3,882,024 over the last three months.

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.