TSE:RY FY2025 EPS Lowered by National Bank Financial

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities researchers at National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a report released on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings per share of $13.14 for the year, down from their prior forecast of $13.46. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.95 by C$0.31. The business had revenue of C$14.63 billion for the quarter, compared to analyst estimates of C$14.27 billion. Royal Bank of Canada had a return on equity of 13.68% and a net margin of 28.67%.

Several other equities research analysts have also commented on RY. Cormark upped their price objective on Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. Bank of America raised their price target on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research report on Thursday, August 29th. BMO Capital Markets upped their price objective on shares of Royal Bank of Canada from C$165.00 to C$195.00 in a research report on Monday. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their target price for the company from C$178.00 to C$180.00 in a research report on Friday, November 15th. Finally, Canaccord Genuity Group upped their target price on Royal Bank of Canada from C$172.00 to C$188.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$168.00.

Royal Bank of Canada Stock Up 2.6 %

Shares of RY opened at C$174.76 on Friday. The company has a market capitalization of C$246.41 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52 week low of C$115.57 and a 52 week high of C$175.04. The stock’s 50-day moving average price is C$169.86 and its 200-day moving average price is C$156.49.

Insider Buying and Selling

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 7,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$166.96, for a total transaction of C$1,252,207.50. Following the completion of the sale, the insider now directly owns 25 shares in the company, valued at C$4,174.03. This represents a 99.67 % decrease in their ownership of the stock. Also, Director David Ian Mckay sold 74,852 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$164.59, for a total transaction of C$12,320,115.24. Over the last ninety days, insiders sold 144,770 shares of company stock worth $23,959,265.

Royal Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 22nd will be given a dividend of $1.42 per share. The ex-dividend date is Thursday, October 24th. This represents a $5.68 dividend on an annualized basis and a yield of 3.25%. Royal Bank of Canada’s payout ratio is presently 50.31%.

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.