Royal Bank of Canada (RY) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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Royal Bank of Canada (TSE:RY) released its earnings data on Friday. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.06, American Banking News.com reports.

Shares of Royal Bank of Canada (TSE:RY) opened at 75.46 on Friday. Royal Bank of Canada has a 52-week low of $58.55 and a 52-week high of $75.93. The stock’s 50-day moving average is $73.12 and its 200-day moving average is $71.50. The company has a market cap of $108.8 billion and a P/E ratio of 13.17.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 3.76%.

On the ratings front, analysts at Scotiabank cut their price target on shares of Royal Bank of Canada from C$81.00 to C$80.00 in a research note on Thursday, February 27th. They now have an “outperform” rating on the stock.

Royal Bank of Canada (TSE:RY) is a diversified financial services company.

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