TSE:RY FY2025 EPS Reduced by National Bank Financial

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Investment analysts at National Bank Financial lowered their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a note issued to investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $13.14 per share for the year, down from their previous forecast of $13.46. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

RY has been the subject of a number of other reports. Cormark boosted their target price on shares of Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. BMO Capital Markets raised their target price on Royal Bank of Canada from C$165.00 to C$195.00 in a report on Monday. National Bankshares boosted their price target on Royal Bank of Canada from C$169.00 to C$181.00 in a report on Wednesday. TD Securities lowered shares of Royal Bank of Canada from a "buy" rating to a "hold" rating and lifted their target price for the company from C$178.00 to C$180.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group decreased their target price on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Three equities research 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$168.00.

Royal Bank of Canada Stock Down 0.0 %

Shares of RY traded down C$0.05 during trading hours on Friday, reaching C$174.71. 2,290,884 shares of the company traded hands, compared to its average volume of 4,853,100. The stock has a market capitalization of C$246.34 billion, a P/E ratio of 15.48, a P/E/G ratio of 3.42 and a beta of 0.84. The business has a fifty day moving average price of C$169.86 and a 200-day moving average price of C$156.49. Royal Bank of Canada has a 12-month low of C$115.57 and a 12-month high of C$175.32.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.95 by C$0.31. The company 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%.

Royal Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 22nd will be issued a $1.42 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.25%. Royal Bank of Canada's payout ratio is 50.31%.

Insider Transactions at Royal Bank of Canada

In related news, Senior Officer Douglas Antony Guzman sold 15,000 shares of Royal Bank of Canada stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$165.00, for a total transaction of C$2,475,000.00. Following the sale, the insider now directly owns 25 shares in the company, valued at C$4,125. This trade represents a 99.83 % decrease in their position. Also, Director David Ian Mckay sold 74,852 shares of the business's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$164.59, for a total transaction of C$12,320,115.24. In the last three months, insiders sold 144,770 shares of company stock valued at $23,959,265.

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.