Cormark Has Positive Outlook for TSE:RY FY2025 Earnings

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Research analysts at Cormark increased their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now expects that the financial services provider will earn $12.91 per share for the year, up from their previous estimate of $12.89. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share. Cormark also issued estimates for Royal Bank of Canada's FY2026 earnings at $13.82 EPS.

Other equities research analysts have also issued research reports about the company. Barclays upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. National Bankshares increased their price target on shares of Royal Bank of Canada from C$169.00 to C$181.00 in a report on Wednesday, November 20th. Canaccord Genuity Group lifted their price objective on shares of Royal Bank of Canada from C$172.00 to C$188.00 in a report on Tuesday, November 19th. Jefferies Financial Group decreased their price objective 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 report on Monday, August 12th. Finally, Desjardins raised their target price on Royal Bank of Canada from C$156.00 to C$163.00 and gave the company a "buy" rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$175.92.

Royal Bank of Canada Trading Up 0.5 %

TSE RY traded up C$0.89 on Tuesday, hitting C$174.66. 2,287,271 shares of the company's stock traded hands, compared to its average volume of 4,851,673. The firm's 50-day moving average price is C$170.24 and its two-hundred day moving average price is C$157.25. The firm has a market capitalization of C$246.27 billion, a PE ratio of 15.47, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 1-year low of C$115.57 and a 1-year high of C$175.59.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, beating the consensus estimate of C$2.95 by C$0.31. The business had revenue of C$14.63 billion during the quarter, compared to analyst estimates of C$14.27 billion. Royal Bank of Canada had a net margin of 28.67% and a return on equity of 13.68%.

Insiders Place Their Bets

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 15,000 shares of the business's stock in a transaction dated 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 represents a 99.83 % decrease in their ownership of the stock. Also, Director David Ian Mckay sold 74,852 shares of the firm's stock in a transaction that occurred 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. Insiders sold a total of 144,770 shares of company stock valued at $23,959,265 over the last 90 days.

Royal Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 22nd were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, October 24th. 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.