RY FY2025 EPS Estimate Decreased by National Bank Financial

Royal Bank of Canada (NYSE:RY) (TSE:RY) – 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 forecasts that the financial services provider will post earnings per share of $9.46 for the year, down from their prior estimate of $9.96. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.37 per share.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 28th. The financial services provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.23. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. The firm had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $10.40 billion.

A number of other brokerages also recently issued reports on RY. BMO Capital Markets increased their price target on Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.50.

Royal Bank of Canada Trading Down 0.0 %

NYSE RY opened at $125.08 on Friday. Royal Bank of Canada has a 1 year low of $85.02 and a 1 year high of $126.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $176.82 billion, a PE ratio of 15.12, a P/E/G ratio of 1.93 and a beta of 0.86. The company has a fifty day moving average of $123.39 and a 200 day moving average of $114.65.

Royal Bank of Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were paid a dividend of $1.028 per share. This represents a $4.11 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, October 24th. Royal Bank of Canada’s payout ratio is currently 50.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RY. Capital Performance Advisors LLP acquired a new position in shares of Royal Bank of Canada during the third quarter worth $25,000. Dunhill Financial LLC acquired a new position in shares of Royal Bank of Canada during the 3rd quarter worth about $25,000. Larson Financial Group LLC purchased a new position in shares of Royal Bank of Canada in the 3rd quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in shares of Royal Bank of Canada during the 2nd quarter worth about $27,000. Finally, Grove Bank & Trust acquired a new stake in shares of Royal Bank of Canada during the 3rd quarter worth about $28,000. 45.31% of the stock is owned by institutional investors and hedge funds.

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.