TSE:RY FY2025 EPS Reduced by National Bank Financial

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Royal Bank of Canada in a research note issued to investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates 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.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, beating analysts’ consensus estimates of C$2.95 by C$0.31. The company 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%.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Royal Bank of Canada from C$165.00 to C$195.00 in a research report on Monday. Desjardins raised their price target on shares of Royal Bank of Canada from C$156.00 to C$163.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Canaccord Genuity Group lifted their price objective on Royal Bank of Canada from C$172.00 to C$188.00 in a report on Tuesday. Cormark upped their target price on shares of Royal Bank of Canada from C$166.00 to C$171.00 in a report on Thursday, August 29th. Finally, Barclays raised Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$168.00.

Royal Bank of Canada Trading Up 2.6 %

Shares of TSE RY opened at C$174.76 on Friday. The firm has a fifty day simple moving average of C$169.86 and a two-hundred day simple moving average of C$156.49. The firm has a market capitalization of C$246.41 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12 month low of C$115.57 and a 12 month high of C$175.04.

Royal Bank of Canada Announces Dividend

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

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 7,500 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was 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 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 Royal Bank of Canada stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of C$164.59, for a total value of C$12,320,115.24. In the last 90 days, insiders have 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.