Cormark Raises Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at Cormark boosted their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $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.

Several other analysts also recently commented on RY. CIBC upped their price objective on Royal Bank of Canada from C$167.00 to C$176.00 in a research note on Tuesday. Jefferies Financial Group reduced their price objective on 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. BMO Capital Markets increased their target price on Royal Bank of Canada from C$165.00 to C$195.00 in a research note on Monday, November 18th. National Bankshares increased their target price on Royal Bank of Canada from C$169.00 to C$181.00 in a research note on Wednesday, November 20th. Finally, Canaccord Genuity Group increased their target price on Royal Bank of Canada from C$172.00 to C$188.00 in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$175.92.

Royal Bank of Canada Stock Up 0.6 %

RY opened at C$175.77 on Tuesday. The business has a 50 day moving average price of C$170.42 and a two-hundred day moving average price of C$157.50. The company has a market cap of C$247.84 billion, a PE ratio of 15.57, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52 week low of C$115.57 and a 52 week high of C$175.77.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data 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 firm had revenue of C$14.63 billion during the quarter, compared to the consensus estimate 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 Buying and Selling

In related news, Senior Officer Douglas Antony Guzman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$164.60, for a total value of C$1,646,000.00. Following the sale, the insider now owns 25 shares in the company, valued at C$4,115. This represents a 99.75 % decrease in their position. Also, Director David Ian Mckay sold 74,852 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$164.59, for a total value of C$12,320,115.24. Insiders have sold a total of 144,770 shares of company stock worth $23,959,265 in the last quarter.

Royal Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 22nd were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, October 24th. Royal Bank of Canada’s dividend 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.