Royal Bank of Canada (RY) Set to Announce Earnings on Wednesday

Royal Bank of Canada (NYSE:RY) (TSE:RY) will post its quarterly earnings results before the market opens on Wednesday, December 4th. Analysts expect Royal Bank of Canada to post earnings of $2.20 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.23. The business had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. On average, analysts expect Royal Bank of Canada to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Royal Bank of Canada Stock Performance

RY stock opened at $124.15 on Wednesday. The stock has a market capitalization of $175.51 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.86. Royal Bank of Canada has a 12-month low of $85.02 and a 12-month high of $126.96. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $123.44 and its 200 day simple moving average is $115.04.

Analyst Upgrades and Downgrades

RY has been the subject of a number of research reports. 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. BMO Capital Markets boosted their target price on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Royal Bank of Canada has an average rating of “Moderate Buy” and a consensus price target of $142.50.

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.