Cormark Predicts Royal Bank of Canada's Q2 Earnings (TSE:RY)

Royal Bank of Canada (TSE:RY - Free Report) NYSE: RY - Research analysts at Cormark issued their Q2 2025 earnings per share (EPS) estimates for Royal Bank of Canada in a research report issued to clients and investors on Tuesday, May 20th. Cormark analyst L. Persaud anticipates that the financial services provider will earn $3.12 per share for the quarter. 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 FY2025 earnings at $13.16 EPS and FY2026 earnings at $14.30 EPS.

RY has been the topic of several other reports. Scotiabank raised shares of Royal Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. UBS Group cut their price objective on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a report on Thursday, May 22nd. Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Jefferies Financial Group dropped their price target on Royal Bank of Canada from C$195.00 to C$180.00 in a research report on Monday, April 21st. Finally, CIBC lifted their price objective on Royal Bank of Canada from C$168.00 to C$174.00 in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, Royal Bank of Canada currently has an average rating of "Buy" and a consensus price target of C$180.33.

Royal Bank of Canada Price Performance

TSE RY traded up C$0.71 during mid-day trading on Friday, hitting C$178.58. The stock had a trading volume of 894,279 shares, compared to its average volume of 4,801,942. The firm's 50 day moving average is C$165.22 and its 200 day moving average is C$169.44. The stock has a market capitalization of C$252.69 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a twelve month low of C$140.53 and a twelve month high of C$180.45.

Insider Buying and Selling

In other Royal Bank of Canada news, Director David Ian Mckay sold 20,304 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of C$160.27, for a total transaction of C$3,254,042.89. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of C$161.89, for a total transaction of C$49,862.12. In the last quarter, insiders sold 62,330 shares of company stock valued at $10,312,755.

Royal Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd were issued a $1.48 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $5.92 annualized dividend and a dividend yield of 3.32%. Royal Bank of Canada's dividend payout ratio is currently 49.49%.

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.