Desjardins Predicts Lower Earnings for Royal Bank of Canada

Royal Bank of Canada (TSE:RY) (NYSE:RY) – Investment analysts at Desjardins decreased their Q1 2025 earnings per share estimates for Royal Bank of Canada in a report issued on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $3.20 per share for the quarter, down from their previous estimate of $3.22. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $12.35 per share.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group upped their target price on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. CIBC upped their price objective on Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Barclays raised Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. National Bankshares upped their price target on Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Finally, BMO Capital Markets decreased their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of “Buy” and a consensus price target of C$176.58.

Royal Bank of Canada Stock Up 0.3 %

Shares of TSE RY opened at C$170.41 on Thursday. The company has a market cap of C$240.28 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12-month low of C$127.60 and a 12-month high of C$180.45. The firm’s 50-day simple moving average is C$174.81 and its 200 day simple moving average is C$167.40.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 24th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.47%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 50.31%.

Insider Buying and Selling

In other Royal Bank of Canada news, Director David Ian Mckay sold 20,304 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of C$175.12, for a total transaction of C$3,555,721.76. Also, Senior Officer Douglas Antony Guzman sold 1,538 shares of Royal Bank of Canada stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of C$177.09, for a total transaction of C$272,363.80. Following the completion of the transaction, the insider now directly owns 25 shares in the company, valued at approximately C$4,427.24. The trade was a 98.40 % decrease in their position. Insiders have sold 22,150 shares of company stock valued at $3,882,024 in the last 90 days.

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.