Cormark Raises Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Analysts at Cormark boosted their FY2025 earnings per share estimates for Royal Bank of Canada in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings per share of $12.91 for the year, up from their prior 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 have also commented on RY. CIBC raised their price objective on Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday. Scotiabank raised their price objective on Royal Bank of Canada from C$167.00 to C$197.00 in a report on Monday. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their price objective for the company from C$178.00 to C$180.00 in a report on Friday, November 15th. Barclays raised Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Bank of America lifted their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Royal Bank of Canada presently has a consensus rating of “Buy” and an average target price of C$175.92.

Royal Bank of Canada Stock Up 0.6 %

Royal Bank of Canada stock opened at C$175.77 on Tuesday. The firm has a market cap of C$247.84 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth 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. The business’s 50-day moving average price is C$170.42 and its 200 day moving average price is C$157.50.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, topping the consensus estimate of C$2.95 by C$0.31. The firm had revenue of C$14.63 billion for the quarter, compared to analyst estimates 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 related news, Senior Officer Douglas Antony Guzman sold 7,500 shares of the business’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 transaction, the insider now directly owns 25 shares of the company’s stock, valued at C$4,174.03. The trade was a 99.67 % decrease in their position. Also, Director David Ian Mckay sold 74,852 shares of the business’s stock in a transaction 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. Over the last ninety days, insiders sold 144,770 shares of company stock valued at $23,959,265.

Royal Bank of Canada Dividend Announcement

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