Cormark Lifts Earnings Estimates for Rogers Communications

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Investment analysts at Cormark raised their FY2026 earnings per share estimates for shares of Rogers Communications in a report issued on Wednesday, April 2nd. Cormark analyst D. Mcfadgen now forecasts that the Wireless communications provider will post earnings per share of $3.69 for the year, up from their previous estimate of $3.58. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share.

A number of other equities research analysts have also recently commented on RCI. Bank of America cut Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Scotiabank lowered shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Morgan Stanley assumed coverage on Rogers Communications in a research note on Monday, December 16th. They issued an "underweight" rating on the stock. Finally, Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. One 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, Rogers Communications currently has an average rating of "Hold" and an average target price of $61.75.

Rogers Communications Stock Performance

Rogers Communications stock traded up $0.25 during mid-day trading on Friday, reaching $24.17. 925,303 shares of the company's stock were exchanged, compared to its average volume of 994,381. The firm has a market capitalization of $12.95 billion, a PE ratio of 10.42, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. The business's fifty day simple moving average is $27.44 and its 200 day simple moving average is $32.04. Rogers Communications has a one year low of $23.34 and a one year high of $41.84.

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

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were paid a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications's dividend payout ratio is 59.48%.

Institutional Investors Weigh In On Rogers Communications

A number of institutional investors and hedge funds have recently bought and sold shares of RCI. JTC Employer Solutions Trustee Ltd increased its holdings in shares of Rogers Communications by 1.2% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider's stock worth $2,755,000 after buying an additional 1,180 shares during the last quarter. Investors Research Corp raised its position in Rogers Communications by 24.9% during the first quarter. Investors Research Corp now owns 14,925 shares of the Wireless communications provider's stock valued at $399,000 after purchasing an additional 2,980 shares in the last quarter. Versant Capital Management Inc bought a new stake in Rogers Communications during the first quarter worth about $79,000. Wellington Management Group LLP boosted its holdings in shares of Rogers Communications by 95.6% in the 4th quarter. Wellington Management Group LLP now owns 43,424 shares of the Wireless communications provider's stock worth $1,334,000 after purchasing an additional 21,226 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of Rogers Communications by 239.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider's stock valued at $1,306,000 after purchasing an additional 29,982 shares during the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

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.