Cormark Equities Analysts Lift Earnings Estimates for TSE:RY

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for Royal Bank of Canada in a research report issued on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $12.91 for the year, up from their prior forecast 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.

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 earnings per share for the quarter, beating the consensus estimate of C$2.95 by C$0.31. Royal Bank of Canada had a net margin of 28.67% and a return on equity of 13.68%. The business had revenue of C$14.63 billion for the quarter, compared to analyst estimates of C$14.27 billion.

Several other research analysts have also recently commented on RY. CIBC boosted their price target on Royal Bank of Canada from C$167.00 to C$176.00 in a research note on Tuesday. Jefferies Financial Group dropped their price target on shares of 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. National Bankshares increased their price objective on shares of Royal Bank of Canada from C$169.00 to C$181.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group boosted their target price on shares of Royal Bank of Canada from C$172.00 to C$188.00 in a research report on Tuesday, November 19th. Finally, Scotiabank upped their target price on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$175.92.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$174.66 on Tuesday. The firm has a market capitalization of C$246.27 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a one year low of C$115.57 and a one year high of C$175.59. The stock’s 50 day moving average price is C$170.24 and its 200 day moving average price is C$157.25.

Insider Activity

In related news, Director David Ian Mckay sold 74,852 shares of the firm’s 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 business’s stock in a transaction dated 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 directly owns 25 shares in the company, valued at C$4,115. This trade represents a 99.75 % decrease in their ownership of the stock. Insiders have sold 144,770 shares of company stock valued at $23,959,265 over the last three months.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 22nd were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, October 24th. 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.