FY2026 Earnings Forecast for TSE:RY Issued By Desjardins

Key Points

• Desjardins analysts have raised their FY2026 earnings estimate for the Royal Bank of Canada (TSE:RY) to $15.00 per share, up from a previous estimate of $14.30.
• The current consensus estimate for Royal Bank of Canada's full-year earnings is $12.35 per share, reflecting significant optimism from analysts regarding the bank's performance.
• Royal Bank of Canada recently announced a quarterly dividend increase to $1.54, representing an annualized dividend of $6.16 and yielding about 3.1%.

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Equities researchers at Desjardins increased their FY2026 earnings estimates for Royal Bank of Canada in a note issued to investors on Wednesday, August 27th. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $15.00 for the year, up from their prior estimate of $14.30. Desjardins has a "Buy" rating and a $214.00 price objective on the stock. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

Other equities analysts have also recently issued reports about the stock. UBS Group cut their target price on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a report on Thursday, May 22nd. Scotiabank lifted their target price on shares of Royal Bank of Canada from C$186.00 to C$210.00 and gave the company an "outperform" rating in a report on Thursday. CIBC lifted their target price on shares of Royal Bank of Canada from C$195.00 to C$208.00 and gave the company an "outperform" rating in a report on Thursday. TD Securities lifted their target price on shares of Royal Bank of Canada from C$191.00 to C$208.00 and gave the company a "hold" rating in a report on Thursday. Finally, Bank of America lifted their target price on shares of Royal Bank of Canada from C$214.00 to C$227.00 in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$206.00.

Royal Bank of Canada Trading Down 0.6%

Shares of Royal Bank of Canada stock traded down C$1.19 during trading on Friday, reaching C$199.58. The company's stock had a trading volume of 2,244,817 shares, compared to its average volume of 4,393,068. The company has a 50-day moving average price of C$183.02 and a two-hundred day moving average price of C$172.73. The firm has a market cap of C$281.46 billion, a PE ratio of 15.10, a P/E/G ratio of 3.42 and a beta of 1.12. Royal Bank of Canada has a fifty-two week low of C$151.25 and a fifty-two week high of C$204.60.

Insider Transactions at Royal Bank of Canada

In other news, Director David Ian Mckay sold 20,304 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total transaction of C$3,701,453.72. Also, Senior Officer Jennifer Kristine Publicover sold 401 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total transaction of C$73,102.98. Following the transaction, the insider directly owned 152 shares of the company's stock, valued at approximately C$27,709.86. This represents a 72.51% decrease in their position. Insiders sold 42,026 shares of company stock valued at $7,517,844 in the last 90 days.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 22nd were given a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, July 24th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.48. Royal Bank of Canada's payout ratio is presently 44.78%.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.