Equities Analysts Issue Forecasts for RCI Q1 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Cormark issued their Q1 2025 EPS estimates for shares of Rogers Communications in a report issued on Tuesday, April 15th. Cormark analyst D. Mcfadgen expects that the Wireless communications provider will post earnings of $0.74 per share for the quarter. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%.

Several other research analysts also recently issued reports on RCI. Canaccord Genuity Group upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Scotiabank cut Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $67.00.

Rogers Communications Stock Up 3.2 %

NYSE RCI traded up $0.81 during trading hours on Wednesday, reaching $25.90. 1,035,924 shares of the company's stock traded hands, compared to its average volume of 1,018,305. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a 50-day simple moving average of $26.95 and a 200 day simple moving average of $31.20. Rogers Communications has a 52-week low of $23.18 and a 52-week high of $41.84. The firm has a market cap of $13.88 billion, a PE ratio of 11.16, a PEG ratio of 1.43 and a beta of 0.67.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were issued a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications's dividend payout ratio (DPR) is 59.48%.

Institutional Trading of Rogers Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in RCI. Louisbourg Investments Inc. increased its holdings in shares of Rogers Communications by 0.8% during the 1st quarter. Louisbourg Investments Inc. now owns 248,503 shares of the Wireless communications provider's stock valued at $6,643,000 after purchasing an additional 2,033 shares in the last quarter. Lorne Steinberg Wealth Management Inc. boosted its position in Rogers Communications by 19.8% during the first quarter. Lorne Steinberg Wealth Management Inc. now owns 120,997 shares of the Wireless communications provider's stock worth $3,234,000 after acquiring an additional 19,986 shares during the last quarter. Bard Financial Services Inc. acquired a new stake in shares of Rogers Communications in the first quarter valued at approximately $1,263,000. Monarch Capital Management Inc. boosted its position in shares of Rogers Communications by 11.8% during the 1st quarter. Monarch Capital Management Inc. now owns 54,783 shares of the Wireless communications provider's stock valued at $1,475,000 after acquiring an additional 5,770 shares during the last quarter. Finally, Vest Financial LLC grew its stake in shares of Rogers Communications by 83.1% in the 1st quarter. Vest Financial LLC now owns 45,097 shares of the Wireless communications provider's stock valued at $1,205,000 after buying an additional 20,474 shares during the period. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.