Desjardins Analysts Reduce Earnings Estimates for TSE:RY

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Desjardins dropped their Q1 2025 earnings per share estimates for Royal Bank of Canada in a report released on Tuesday, February 4th. Desjardins analyst D. Young now expects that the financial services provider will post earnings of $3.20 per share for the quarter, down from their previous forecast of $3.22. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

A number of other brokerages also recently commented on RY. Canaccord Genuity Group increased their price objective on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Barclays raised shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. CIBC boosted their target price on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a research report on Tuesday, November 26th. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$178.00 to C$180.00 in a report on Friday, November 15th. Finally, BMO Capital Markets dropped their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$176.58.

Royal Bank of Canada Stock Up 0.3 %

TSE:RY opened at C$170.88 on Thursday. The business’s 50-day moving average price is C$174.72 and its 200 day moving average price is C$167.53. The firm has a market cap of C$240.94 billion, a P/E ratio of 15.14, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52-week low of C$127.60 and a 52-week high of C$180.45.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 24th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 3.46%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio is currently 50.31%.

Insider Transactions at Royal Bank of Canada

In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 1,538 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of C$177.09, for a total transaction of C$272,363.80. Following the sale, the insider now owns 25 shares of the company’s stock, valued at approximately C$4,427.24. This represents a 98.40 % decrease in their ownership of the stock. Also, Director David Ian Mckay sold 20,304 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$3,555,721.76. Over the last ninety days, insiders sold 22,150 shares of company stock worth $3,882,024.

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.