Desjardins Forecasts Lower Earnings for Royal Bank Of Canada

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Equities researchers at Desjardins decreased their FY2025 EPS estimates for Royal Bank Of Canada in a report released on Tuesday, November 11th. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings of $10.05 per share for the year, down from their prior estimate of $10.19. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

Other research analysts also recently issued reports about the company. Wall Street Zen raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Argus upped their price target on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Wednesday, October 8th. Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Finally, Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $177.50.

Royal Bank Of Canada Price Performance

NYSE:RY opened at $146.69 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $205.90 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The stock’s 50-day moving average price is $146.31 and its 200-day moving average price is $135.88. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $149.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The firm had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the previous year, the firm earned $3.26 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year.

Hedge Funds Weigh In On Royal Bank Of Canada

Several hedge funds have recently bought and sold shares of RY. Bank OZK acquired a new position in shares of Royal Bank Of Canada in the third quarter worth $202,000. Pathstone Holdings LLC grew its stake in Royal Bank Of Canada by 0.3% in the 3rd quarter. Pathstone Holdings LLC now owns 66,712 shares of the financial services provider’s stock worth $9,828,000 after acquiring an additional 178 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Royal Bank Of Canada by 2.4% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,892,999 shares of the financial services provider’s stock valued at $426,299,000 after acquiring an additional 67,151 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Royal Bank Of Canada during the 3rd quarter worth $27,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of Royal Bank Of Canada by 603.1% during the third quarter. Quadrature Capital Ltd now owns 1,746,400 shares of the financial services provider’s stock worth $257,183,000 after purchasing an additional 1,498,000 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

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.