Analysts Set Expectations for TSE:RY FY2025 Earnings

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Analysts at National Bank Financial upped their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a research report issued on Wednesday, December 4th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $13.17 per share for the year, up from their previous forecast of $13.14. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

A number of other analysts also recently issued reports on the company. Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$188.00 to C$191.00 in a report on Thursday. Bank of America boosted their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a research report on Thursday, August 29th. National Bankshares upped their price objective on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday. CIBC raised their price target on Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Finally, Barclays raised shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$176.58.

Royal Bank of Canada Stock Down 0.0 %

TSE RY traded down C$0.01 on Monday, hitting C$178.26. 858,573 shares of the stock were exchanged, compared to its average volume of 4,773,036. The company has a 50-day moving average price of C$171.85 and a 200-day moving average price of C$159.17. The company has a market cap of C$251.35 billion, a PE ratio of 15.79, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$124.49 and a fifty-two week high of C$180.45.

Insider Buying and Selling at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 17,000 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$167.95, for a total transaction of C$2,855,150.00. Following the completion of the sale, the insider now owns 25 shares of the company's stock, valued at approximately C$4,198.75. The trade was a 99.85 % decrease in their ownership of the stock. Insiders sold 34,648 shares of company stock worth $5,811,275 in the last 90 days.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 3.32%. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.42. Royal Bank of Canada's dividend payout ratio (DPR) is presently 50.31%.

About Royal Bank of Canada

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.