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

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

Royal Bank of Canada Price Performance

RY opened at $119.25 on Wednesday. The company has a market capitalization of $168.66 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.80 and a beta of 0.87. 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 firm has a 50-day moving average price of $120.29 and a 200-day moving average price of $121.44. Royal Bank of Canada has a twelve month low of $95.84 and a twelve month high of $128.05.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, January 27th were paid a dividend of $1.0522 per share. The ex-dividend date was Monday, January 27th. This represents a $4.21 annualized dividend and a yield of 3.53%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s payout ratio is currently 49.76%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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 lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Finally, TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Royal Bank of Canada has a consensus rating of “Moderate Buy” and a consensus price target 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.