Brokers Offer Predictions for RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Rogers Communications in a research note issued to investors on Thursday, January 2nd. National Bank Financial analyst A. Shine now anticipates that the Wireless communications provider will post earnings of $2.65 per share for the year, down from their previous estimate of $2.94. The consensus estimate for Rogers Communications' current full-year earnings is $3.56 per share. National Bank Financial also issued estimates for Rogers Communications' FY2026 earnings at $2.95 EPS.

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

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

Rogers Communications Trading Down 0.1 %

NYSE:RCI traded down $0.04 during trading hours on Monday, hitting $30.80. The company had a trading volume of 853,443 shares, compared to its average volume of 760,614. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a 50-day moving average price of $34.11 and a 200 day moving average price of $37.20. The company has a market capitalization of $16.46 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. Rogers Communications has a 52 week low of $29.91 and a 52 week high of $48.19.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, December 9th. Rogers Communications's dividend payout ratio is 71.71%.

Institutional Trading of Rogers Communications

Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Rogers Communications by 371.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider's stock valued at $203,334,000 after buying an additional 3,980,525 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Rogers Communications by 106.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider's stock worth $5,383,000 after purchasing an additional 68,971 shares during the last quarter. MQS Management LLC purchased a new position in shares of Rogers Communications in the 3rd quarter worth about $726,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Rogers Communications by 1,046.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 599,476 shares of the Wireless communications provider's stock valued at $24,101,000 after purchasing an additional 547,201 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Rogers Communications by 53.9% during the 2nd quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider's stock valued at $233,099,000 after purchasing an additional 2,206,690 shares in the last quarter. 45.49% of the stock is owned by 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.