What is Cormark’s Forecast for TSE:RY FY2025 Earnings?

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Stock analysts at Cormark boosted their FY2025 earnings estimates for Royal Bank of Canada in a research report issued on Friday, February 28th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $13.22 per share for the year, up from their prior forecast of $12.97. 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 FY2026 earnings at $14.38 EPS.

Other equities analysts also recently issued research reports about the stock. Barclays raised shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Scotiabank cut their target price on Royal Bank of Canada from C$197.00 to C$191.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets cut their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. UBS Group cut their target price on Royal Bank of Canada from C$200.00 to C$192.00 in a research note on Friday, February 14th. Finally, TD Securities cut their target price on Royal Bank of Canada from C$180.00 to C$178.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$181.83.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at C$163.02 on Monday. The company has a market cap of C$230.67 billion, a PE ratio of 14.20, a P/E/G ratio of 3.42 and a beta of 0.84. The company has a fifty day moving average price of C$172.15 and a two-hundred day moving average price of C$169.94. Royal Bank of Canada has a 12 month low of C$131.57 and a 12 month high of C$180.45.

Insider Activity at Royal Bank of Canada

In other Royal Bank of Canada news, Director David Ian Mckay sold 20,304 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total value of C$3,555,721.76. Also, Senior Officer Graeme Ashley Hepworth sold 308 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25. Insiders have sold a total of 42,762 shares of company stock worth $7,379,177 over the last ninety days.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.63%. Royal Bank of Canada’s dividend payout ratio is currently 49.49%.

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.