RCI FY2025 EPS Estimate Boosted by National Bank Financial

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Equities researchers at National Bank Financial upped their FY2025 EPS estimates for Rogers Communications in a research note issued to investors on Monday, March 31st. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will earn $2.67 per share for the year, up from their prior estimate of $2.38. The consensus estimate for Rogers Communications' current full-year earnings is $3.57 per share. National Bank Financial also issued estimates for Rogers Communications' FY2026 earnings at $2.71 EPS.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%.

Several other research firms have also issued reports on RCI. Scotiabank lowered shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Morgan Stanley began coverage on Rogers Communications in a research report on Monday, December 16th. They issued an "underweight" rating for the company. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Bank of America cut Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rogers Communications has a consensus rating of "Hold" and an average price target of $61.75.

Rogers Communications Stock Down 0.8 %

RCI stock traded down $0.19 during trading hours on Thursday, hitting $24.53. The company's stock had a trading volume of 480,861 shares, compared to its average volume of 1,146,808. The stock has a 50 day moving average price of $27.64 and a two-hundred day moving average price of $32.21. Rogers Communications has a 12 month low of $24.48 and a 12 month high of $41.84. The company has a market capitalization of $13.15 billion, a PE ratio of 10.58, 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.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its stake in shares of Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after acquiring an additional 744 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Rogers Communications by 141.4% in 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 during the period. Versant Capital Management Inc bought a new stake in Rogers Communications in the 1st quarter valued at $79,000. Y Intercept Hong Kong Ltd acquired a new stake in Rogers Communications in the 3rd quarter worth $206,000. Finally, Headlands Technologies LLC increased its holdings 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 period. 45.49% of the stock is owned by institutional investors.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were paid 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 5.66%. Rogers Communications's payout ratio is 59.48%.

About Rogers Communications

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.