Cormark Has Optimistic Outlook of RY FY2025 Earnings

Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - Equities research analysts at Cormark increased their FY2025 EPS estimates for Royal Bank of Canada in a report released on Friday, May 30th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $9.50 per share for the year, up from their prior forecast of $9.48. The consensus estimate for Royal Bank of Canada's current full-year earnings is $9.16 per share.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). The company had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $15.77 billion. Royal Bank of Canada had a return on equity of 15.26% and a net margin of 12.08%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.92 earnings per share.

Other research analysts have also recently issued reports about the stock. Scotiabank assumed coverage on shares of Royal Bank of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Cibc World Mkts upgraded shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. National Bank Financial cut shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday. Wall Street Zen cut shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Saturday. Finally, CIBC reissued an "outperform" rating on shares of Royal Bank of Canada in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $156.50.

Royal Bank of Canada Trading Up 0.9%

Shares of NYSE RY traded up $1.20 during mid-day trading on Monday, reaching $127.86. The company had a trading volume of 1,063,091 shares, compared to its average volume of 1,133,790. The business's 50-day moving average is $118.80 and its 200-day moving average is $119.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock has a market cap of $180.85 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Royal Bank of Canada has a 52 week low of $102.44 and a 52 week high of $129.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. grew its position in shares of Royal Bank of Canada by 13.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider's stock worth $82,000 after buying an additional 84 shares during the last quarter. Ruggaard & Associates LLC grew its position in shares of Royal Bank of Canada by 1.8% in the 4th quarter. Ruggaard & Associates LLC now owns 4,685 shares of the financial services provider's stock worth $565,000 after buying an additional 85 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Royal Bank of Canada by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after buying an additional 90 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Royal Bank of Canada by 2.8% in the 1st quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock worth $378,000 after buying an additional 91 shares during the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of Royal Bank of Canada by 4.3% during the first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a $1.1152 dividend. The ex-dividend date is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.49%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.03. Royal Bank of Canada's payout ratio is presently 46.18%.

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.