Cormark Expects Stronger Earnings for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Cormark upped their FY2025 EPS estimates for Royal Bank of Canada in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $12.91 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.

RY has been the subject of several other research reports. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$178.00 to C$180.00 in a research note on Friday, November 15th. Scotiabank lifted their price target on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a research note on Monday. Jefferies Financial Group dropped 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 research report on Monday, August 12th. Desjardins lifted their price objective 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 report on Tuesday, August 6th. Finally, Barclays raised Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Royal Bank of Canada currently has a consensus rating of “Buy” and an average target price of C$175.17.

Royal Bank of Canada Price Performance

RY opened at C$173.77 on Tuesday. The business has a fifty day moving average price of C$170.11 and a 200 day moving average price of C$156.99. Royal Bank of Canada has a 12 month low of C$115.57 and a 12 month high of C$175.59. The stock has a market capitalization of C$245.02 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 3.42 and a beta of 0.84.

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, topping the consensus estimate of C$2.95 by C$0.31. The business 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 net margin of 28.67% and a return on equity of 13.68%.

Royal Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 22nd were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, October 24th. Royal Bank of Canada’s payout ratio is currently 50.31%.

Insider Activity at Royal Bank of Canada

In other news, 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. Also, Senior Officer Douglas Antony Guzman sold 10,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$164.60, for a total transaction of C$1,646,000.00. Following the sale, the insider now owns 25 shares of the company’s stock, valued at approximately C$4,115. This represents a 99.75 % decrease in their position. Insiders sold a total of 144,770 shares of company stock valued at $23,959,265 in the last three months.

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.