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

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

Royal Bank of Canada Trading Down 0.3 %

Shares of Royal Bank of Canada stock opened at $120.52 on Thursday. The firm’s 50 day simple moving average is $120.71 and its two-hundred day simple moving average is $121.02. The firm has a market capitalization of $170.45 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.78 and a beta of 0.87. 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 has a 12-month low of $95.84 and a 12-month high of $128.05.

Royal Bank of Canada Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on RY. BMO Capital Markets dropped 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 report on Thursday, December 5th. StockNews.com downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average 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.