Research Analysts Issue Forecasts for RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at Desjardins boosted their FY2025 EPS estimates for shares of Rogers Communications in a research report issued on Wednesday, April 23rd. Desjardins analyst J. Dubreuil now expects that the Wireless communications provider will post earnings of $3.29 per share for the year, up from their prior forecast of $3.26. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share.

Several other equities research analysts have also commented on the company. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Bank of America lowered shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. One research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $67.00.

Rogers Communications Price Performance

NYSE:RCI traded up $0.19 during trading hours on Monday, hitting $25.68. The company's stock had a trading volume of 931,271 shares, compared to its average volume of 1,011,589. The company has a market capitalization of $13.77 billion, a PE ratio of 11.07, a PEG ratio of 1.43 and a beta of 0.67. Rogers Communications has a 52-week low of $23.18 and a 52-week high of $41.84. The business's 50-day moving average is $26.63 and its two-hundred day moving average is $30.54. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66.

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

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be issued a $0.3611 dividend. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Monday, June 9th. Rogers Communications's payout ratio is currently 59.66%.

Institutional Trading of Rogers Communications

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC increased its position in shares of Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 744 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Rogers Communications by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after purchasing an additional 1,052 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Rogers Communications during the 1st quarter valued at about $79,000. TD Private Client Wealth LLC grew its stake in Rogers Communications by 263.1% in the 1st quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock valued at $137,000 after buying an additional 3,718 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Rogers Communications by 274.2% during the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock worth $163,000 after purchasing an additional 3,888 shares during the last quarter. 45.49% of the stock is currently 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.