What is Cormark's Forecast for RCI FY2025 Earnings?

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at Cormark upped their FY2025 EPS estimates for shares of Rogers Communications in a research note issued on Wednesday, April 2nd. Cormark analyst D. Mcfadgen now expects that the Wireless communications provider will earn $3.52 per share for the year, up from their previous forecast of $3.45. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share.

A number of other equities research analysts also recently weighed in on the company. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Morgan Stanley started coverage on shares of Rogers Communications in a research note on Monday, December 16th. They issued an "underweight" rating on the stock. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Scotiabank cut shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $67.00.

Rogers Communications Trading Up 3.6 %

NYSE:RCI traded up $0.85 during trading hours on Monday, hitting $24.39. 1,662,738 shares of the stock were exchanged, compared to its average volume of 1,011,782. The company has a market capitalization of $13.08 billion, a P/E ratio of 10.51, a price-to-earnings-growth 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 company's 50 day moving average is $27.15 and its two-hundred day moving average is $31.64. Rogers Communications has a twelve month low of $23.18 and a twelve month high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were issued a dividend of $0.347 per share. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a yield of 5.69%. Rogers Communications's dividend payout ratio is presently 59.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its position in shares of Rogers Communications by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock valued at $725,000 after purchasing an additional 379 shares during the period. Verition Fund Management LLC lifted its stake in Rogers Communications by 7.9% in the third quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock valued at $301,000 after buying an additional 551 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Rogers Communications by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider's stock valued at $436,000 after buying an additional 571 shares during the period. Waldron Private Wealth LLC increased its position in shares of Rogers Communications by 3.1% during the fourth quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider's stock worth $682,000 after acquiring an additional 660 shares in the last quarter. Finally, State Street Corp increased its position in shares of Rogers Communications by 0.5% during the third quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider's stock worth $5,550,000 after acquiring an additional 661 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

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.