Cormark Has Pessimistic Outlook of RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities researchers at Cormark decreased their FY2025 earnings per share (EPS) estimates for shares of Rogers Communications in a research note issued to investors on Thursday, January 9th. Cormark analyst D. Mcfadgen now anticipates that the Wireless communications provider will earn $3.73 per share for the year, down from their prior forecast of $3.75. The consensus estimate for Rogers Communications' current full-year earnings is $3.56 per share.

Several other analysts also recently commented on RCI. TD Securities raised their price objective on Rogers Communications from $73.00 to $74.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Morgan Stanley assumed coverage on Rogers Communications in a research report on Monday, December 16th. They set an "underweight" rating on the stock. Finally, BMO Capital Markets lifted their price objective on Rogers Communications from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.75.

Rogers Communications Trading Up 1.2 %

RCI traded up $0.34 during mid-day trading on Monday, hitting $29.34. The stock had a trading volume of 1,002,405 shares, compared to its average volume of 1,010,229. The stock's fifty day simple moving average is $33.47 and its 200-day simple moving average is $36.94. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. Rogers Communications has a 1-year low of $28.89 and a 1-year high of $48.19. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.35. Rogers Communications had a return on equity of 23.75% and a net margin of 7.34%. The company had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $3.79 billion. During the same period in the prior year, the business posted $0.95 EPS. Rogers Communications's revenue was up .7% on a year-over-year basis.

Rogers Communications Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a dividend of $0.3611 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 4.92%. Rogers Communications's dividend payout ratio is currently 68.78%.

Institutional Investors Weigh In On Rogers Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Grove Bank & Trust increased its position in shares of Rogers Communications by 41.0% in the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 302 shares during the last quarter. Creative Planning grew its stake in Rogers Communications by 2.2% in the third quarter. Creative Planning now owns 22,282 shares of the Wireless communications provider's stock valued at $896,000 after purchasing an additional 486 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 522 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Rogers Communications by 7.9% during the 3rd quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock worth $301,000 after purchasing an additional 551 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Rogers Communications by 0.5% in the 3rd quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider's stock valued at $5,550,000 after buying an additional 661 shares during the last quarter. 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.