Equities Analysts Set Expectations for RY FY2025 Earnings

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a research note issued to investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $9.46 per share 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 $8.88 per share.

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

Royal Bank of Canada Stock Down 0.1 %

RY stock opened at $125.02 on Friday. The company has a market capitalization of $176.74 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50 day moving average price is $123.39 and its two-hundred day moving average price is $114.56. Royal Bank of Canada has a fifty-two week low of $85.02 and a fifty-two week high of $126.96.

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

Institutional Investors Weigh In On Royal Bank of Canada

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RY. Capital Performance Advisors LLP purchased a new stake in Royal Bank of Canada in the 3rd quarter worth about $25,000. Dunhill Financial LLC purchased a new stake in shares of Royal Bank of Canada in the third quarter worth approximately $25,000. Larson Financial Group LLC bought a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Royal Bank of Canada by 110.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 118 shares during the period. Finally, Grove Bank & Trust bought a new position in Royal Bank of Canada in the 3rd quarter valued at $28,000. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were paid a dividend of $1.028 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $4.11 annualized dividend and a yield of 3.29%. Royal Bank of Canada’s payout ratio is currently 50.79%.

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.