RY FY2025 EPS Estimate Cut by National Bank Financial

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Analysts at National Bank Financial decreased their FY2025 earnings estimates for shares of Royal Bank of Canada in a research note issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings per share of $9.46 for the year, down from their prior forecast of $9.96. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.37 per share.

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

A number of other research analysts have also recently commented on the stock. BMO Capital Markets boosted their target price on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Royal Bank of Canada Stock Down 0.0 %

RY opened at $125.08 on Friday. The company has a market cap of $176.82 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.93 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. Royal Bank of Canada has a 1 year low of $85.02 and a 1 year high of $126.96. The firm has a 50 day moving average price of $123.39 and a 200 day moving average price of $114.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RY. Addison Advisors LLC increased its stake in shares of Royal Bank of Canada by 9.5% during the 3rd quarter. Addison Advisors LLC now owns 945 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 82 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in Royal Bank of Canada by 1.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 5,823 shares of the financial services provider’s stock worth $619,000 after buying an additional 92 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Royal Bank of Canada by 3.4% during the 3rd quarter. Drive Wealth Management LLC now owns 2,799 shares of the financial services provider’s stock worth $349,000 after acquiring an additional 92 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Royal Bank of Canada by 1.6% during the 3rd quarter. Private Advisor Group LLC now owns 6,160 shares of the financial services provider’s stock valued at $768,000 after acquiring an additional 95 shares during the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Royal Bank of Canada by 3.8% in the 1st quarter. Shell Asset Management Co. now owns 2,711 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 100 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank of Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were given a dividend of $1.028 per share. This represents a $4.11 annualized dividend and a yield of 3.29%. The ex-dividend date was Thursday, October 24th. Royal Bank of Canada’s payout ratio is 50.67%.

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.