Cormark Predicts Lower Earnings for Royal Bank of Canada

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Research analysts at Cormark cut their FY2026 earnings per share (EPS) estimates for Royal Bank of Canada in a research note issued on Friday, May 30th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $14.20 per share for the year, down from their previous forecast of $14.30. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

RY has been the subject of a number of other research reports. UBS Group decreased their price target on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a research note on Thursday, May 22nd. Jefferies Financial Group reduced their target price on shares of Royal Bank of Canada from C$195.00 to C$180.00 in a report on Monday, April 21st. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. National Bankshares set a C$179.00 price target on Royal Bank of Canada and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, CIBC upped their price objective on Royal Bank of Canada from C$168.00 to C$174.00 in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Royal Bank of Canada has a consensus rating of "Buy" and an average target price of C$180.33.

Royal Bank of Canada Price Performance

Shares of RY traded down C$0.23 during mid-day trading on Monday, reaching C$174.93. 2,845,377 shares of the company's stock were exchanged, compared to its average volume of 4,851,555. The business's fifty day simple moving average is C$165.98 and its 200-day simple moving average is C$169.51. The stock has a market capitalization of C$247.53 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52-week low of C$140.53 and a 52-week high of C$180.45.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be paid a $1.54 dividend. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.48. This represents a $6.16 dividend on an annualized basis and a dividend yield of 3.52%. Royal Bank of Canada's payout ratio is 49.49%.

Insider Buying and Selling

In related news, Senior Officer Jennifer Kristine Publicover sold 401 shares of Royal Bank of Canada stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of C$160.27, for a total transaction of C$64,266.71. Following the completion of the transaction, the insider now directly owns 152 shares of the company's stock, valued at approximately C$24,360.45. The trade was a 72.51% decrease in their ownership of the stock. Also, Director David Ian Mckay sold 20,304 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$161.89, for a total value of C$3,287,014.56. Insiders have sold 62,330 shares of company stock valued at $10,312,755 over the last quarter.

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.