This fall 2022 EPS Estimates for Royal Financial institution of Canada (NYSE:RY) Lower by Cormark


Royal Financial institution of Canada (NYSE: RY – Obtain Ranking) (TSE: RY) – Funding analysts at Cormark have forecast a fourth quarter 2022 earnings per share for Royal Financial institution of Canada shares in a analysis report issued to shoppers and buyers on Tuesday, November. slashed quarterly earnings estimates. twenty second. Cormark analyst L. Persaud now estimates that the monetary companies supplier will put up earnings per share of $2.15 for the quarter, down from his earlier forecast of $2.19. The present consensus estimate for Royal Financial institution of Canada full-year earnings per share is $8.41.

Royal Financial institution of Canada (NYSE: RY – Obtain Ranking) (TSE: RY) final issued its earnings outcomes on Wednesday, August 24. The monetary companies supplier reported EPS of $1.98 for the quarter, beating the consensus estimate of $1.97 by $0.01. The agency’s income throughout the quarter was $9.43 billion. Royal Financial institution of Canada had a internet margin of 26.29% and a return on fairness of 16.85%.

RY has been the topic of a number of different analysis reviews. Desjardins lower their goal worth on Royal Financial institution of Canada from C$143.00 to C$141.00 in a report on Thursday, August 25. Nationwide Financial institution Monetary raised their goal worth on Royal Financial institution of Canada from C$147.00 to C$148.00 in a analysis be aware on Thursday, August 25. Keefe, Bruyette & Woods lowered shares of Royal Financial institution of Canada from “Market Carry out” score to “Underperform” score and decreased their worth goal for the corporate from C$132.00 to C$118.00 in a analysis be aware on Monday, August 8 Gave. Credit score Suisse Group lower its worth goal on shares of Royal Financial institution of Canada from $144.00 to $143.00 in a report on Thursday, August 25. Lastly, StockNews.com lowered shares of Royal Financial institution of Canada from a “maintain” score to a “promote” score in a report on Friday, November 18. Two funding analysts have rated the corporate with a Promote score, three have issued a Maintain score and eight have a Purchase score on the corporate. The inventory has a consensus score of “Maintain” and a consensus worth goal of $139.81, in accordance with MarketBeat.

Royal Financial institution of Canada is buying and selling up 0.1%

Shares of the NYSE RY opened at $100.89 on Thursday. Royal Financial institution of Canada’s 12-month low is $83.63 and its 12-month excessive is $119.41. The inventory has a market cap of $139.85 billion, price-to-earnings ratio of 11.64, P/E/G ratio of two.41, and beta of 0.82. The corporate has a fast ratio of 0.89, present ratio of 0.89 and debt-to-equity ratio of 0.10. The corporate’s fifty-day shifting common is $93.02 and its 200-day shifting common is $96.17.

Hedge funds weigh in on Royal Financial institution of Canada

A number of massive buyers have not too long ago modified their holding in RY. Banc of Montreal Can elevated its stake in Royal Financial institution of Canada shares by 4.2% throughout the second quarter. Financial institution of Montreal can now personal 65,946,059 shares of the monetary companies supplier’s inventory valued at $6,817,816,000 after shopping for a further 2,687,026 shares final quarter. Throughout the third quarter, Vanguard Group Inc. elevated its place in Royal Financial institution of Canada by 2.4%. After receiving a further 1,191,987 shares final quarter, Vanguard Group Inc. holds 50,653,309 shares of the monetary companies supplier valued at $4,560,824,000. Wellington Administration Group LLP elevated its stake in Royal Financial institution of Canada to 265.8% within the first quarter. Wellington Administration Group LLP now owns 19,835,260 shares of the monetary companies supplier’s inventory valued at $2,185,770,000 after buying a further 14,412,851 shares over the last quarter. Toronto Dominion Financial institution elevated its stake in Royal Financial institution of Canada to twenty-eight.0% within the third quarter. Toronto Dominion Financial institution now owns 18,405,848 shares of the monetary companies supplier’s inventory price $1,660,282,000 after buying a further 4,031,170 shares over the last quarter. Lastly, 1832 Asset Administration LP elevated shares of Royal Financial institution of Canada by 3.4% within the first quarter. 1832 Asset Administration LP now owns 18,380,046 shares of the monetary companies supplier’s inventory valued at $1,998,605,000 after buying a further 608,072 shares throughout the interval. 40.46% of the inventory is at present owned by institutional buyers and hedge funds.

About Royal Financial institution of Canada

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Royal Financial institution of Canada operates as a diversified monetary companies firm worldwide. The corporate’s private and industrial banking section gives checking and financial savings accounts, house fairness financing, private loans, non-public banking, oblique loans, auto financing, mutual funds and self-directed brokerage accounts, assured funding certificates, bank cards and fee merchandise. Answer; and lending, leasing, deposits, investments, international trade, money administration, auto supplier financing, enterprise services to small and medium-sized industrial companies.

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Earnings History and Projections for Royal Bank of Canada (NYSE:RY)

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