TSE:RY FY2025 EPS Decreased 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 shares of Royal Bank of Canada in a report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings per share of $13.14 for the year, down from their previous estimate 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 several other research reports. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating and increased their price objective for the company from C$178.00 to C$180.00 in a report on Friday, November 15th. Bank of America increased their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Canaccord Genuity Group raised their price target on Royal Bank of Canada from C$172.00 to C$188.00 in a report on Tuesday. Jefferies Financial Group cut their price objective on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Desjardins lifted their target price on shares of Royal Bank of Canada from C$156.00 to C$163.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. 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. Based on data from MarketBeat.com, Royal Bank of Canada presently has a consensus rating of “Buy” and a consensus price target of C$168.00.

Royal Bank of Canada Stock Down 0.0 %

TSE RY opened at C$174.71 on Friday. Royal Bank of Canada has a 52 week low of C$115.57 and a 52 week high of C$175.32. The company has a 50 day moving average price of C$170.00 and a 200 day moving average price of C$156.75. The firm has a market cap of C$246.34 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

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

Insider Activity

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 25 shares of the company’s stock, 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 that occurred 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. Insiders sold 144,770 shares of company stock worth $23,959,265 over the last three months.

Royal Bank of Canada Dividend Announcement

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