FY2025 EPS Estimates for TSE:RY Boosted by Analyst

Key Points

• National Bank Financial has increased its FY2025 earnings per share (EPS) estimate for Royal Bank of Canada to $14.13, up from the previous forecast of $13.21, indicating strong anticipated performance.
• The bank also recently raised its quarterly dividend to $1.54 per share, up from $1.48, which represents an annualized rate of $6.16 and a yield of 3.1%.
• Royal Bank of Canada currently has a market cap of C$281.46 billion, with a consensus target price of C$206.00 and an average rating of "Moderate Buy" from analysts.

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Stock analysts at National Bank Financial increased their FY2025 earnings per share estimates for Royal Bank of Canada in a research note issued to investors on Wednesday, August 27th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings per share of $14.13 for the year, up from their previous forecast of $13.21. National Bank Financial currently has a "Sector Perform" rating on the stock. The consensus estimate for Royal Bank of Canada's current full-year earnings is $12.35 per share.

Several other equities research analysts have also recently issued reports on the company. Jefferies Financial Group raised their price objective on Royal Bank of Canada from C$198.00 to C$207.00 in a report on Wednesday, August 13th. Barclays upped their price objective on Royal Bank of Canada from C$190.00 to C$203.00 in a report on Thursday, August 28th. TD Securities upped their price objective on Royal Bank of Canada from C$191.00 to C$208.00 and gave the stock a "hold" rating in a report on Thursday, August 28th. National Bankshares upped their price objective on Royal Bank of Canada from C$180.00 to C$203.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Finally, Desjardins upped their price objective on Royal Bank of Canada from C$193.00 to C$214.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Royal Bank of Canada presently has a consensus rating of "Moderate Buy" and an average target price of C$206.00.

Royal Bank of Canada Stock Up 0.3%

Shares of RY stock traded up C$0.55 during mid-day trading on Monday, hitting C$201.52. 544,040 shares of the company's stock were exchanged, compared to its average volume of 4,338,164. Royal Bank of Canada has a fifty-two week low of C$151.25 and a fifty-two week high of C$204.60. The stock has a 50-day simple moving average of C$184.50 and a two-hundred day simple moving average of C$173.32. The stock has a market cap of C$284.20 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 3.42 and a beta of 1.12.

Insiders Place Their Bets

In other Royal Bank of Canada news, Senior Officer Jennifer Kristine Publicover sold 401 shares of Royal Bank of Canada stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total value of C$73,102.98. Following the completion of the transaction, the insider owned 152 shares of the company's stock, valued at C$27,709.86. The trade was a 72.51% decrease in their ownership of the stock. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of C$182.30, for a total transaction of C$56,148.92. Insiders sold a total of 42,026 shares of company stock valued at $7,517,844 over the last 90 days.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 22nd were issued a $1.54 dividend. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.48. This represents a $6.16 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 24th. Royal Bank of Canada's dividend payout ratio is presently 44.78%.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.