Cormark Forecasts Lower Earnings for Rogers Communications

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Investment analysts at Cormark decreased their FY2025 earnings estimates for shares of Rogers Communications in a research note issued to investors on Thursday, April 24th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will earn $3.38 per share for the year, down from their prior forecast of $3.52. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share. Cormark also issued estimates for Rogers Communications' FY2026 earnings at $3.52 EPS.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the business earned $0.99 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year.

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

Rogers Communications Stock Up 0.7 %

RCI stock traded up $0.19 during mid-day trading on Monday, hitting $25.68. 931,271 shares of the company were exchanged, compared to its average volume of 1,011,589. The firm has a market cap of $13.77 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.43 and a beta of 0.67. Rogers Communications has a 1-year low of $23.18 and a 1-year high of $41.84. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The firm's 50 day simple moving average is $26.63 and its 200 day simple moving average is $30.54.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Monday, June 9th. This is a boost from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's payout ratio is 59.66%.

Hedge Funds Weigh In On Rogers Communications

Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in Rogers Communications by 123.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after buying an additional 3,717,487 shares during the last quarter. FIL Ltd boosted its stake in Rogers Communications by 7.2% in the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Value Partners Investments Inc. grew its position in Rogers Communications by 1,252.8% during the 1st quarter. Value Partners Investments Inc. now owns 2,312,136 shares of the Wireless communications provider's stock valued at $61,808,000 after purchasing an additional 2,141,227 shares during the last quarter. Bank of Nova Scotia increased its stake in Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after purchasing an additional 1,320,200 shares in the last quarter. Finally, Intact Investment Management Inc. raised its holdings in Rogers Communications by 55.7% in the first quarter. Intact Investment Management Inc. now owns 2,913,921 shares of the Wireless communications provider's stock worth $77,827,000 after buying an additional 1,042,690 shares during the last quarter. Institutional investors 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.