RCI FY2025 EPS Forecast Reduced by National Bank Financial

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Stock analysts at National Bank Financial reduced their FY2025 EPS estimates for shares of Rogers Communications in a research note issued to investors on Thursday, December 12th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings of $2.94 per share for the year, down from their previous forecast of $3.01. 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 $3.20 EPS.

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

RCI has been the topic of a number of other reports. BMO Capital Markets lifted their target price on shares of Rogers Communications from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. Morgan Stanley assumed coverage on Rogers Communications in a report on Monday. They issued an "underweight" rating on the stock. Finally, TD Securities upped their price target on Rogers Communications from $73.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Rogers Communications has a consensus rating of "Hold" and an average price target of $61.75.

Rogers Communications Trading Down 4.5 %

Shares of RCI traded down $1.50 during midday trading on Monday, reaching $31.90. The company had a trading volume of 1,306,790 shares, compared to its average volume of 808,624. Rogers Communications has a 1-year low of $31.89 and a 1-year high of $48.19. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 3.35. The firm has a 50 day simple moving average of $36.41 and a 200-day simple moving average of $38.05. The stock has a market cap of $17.05 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RCI. CWM LLC raised its holdings in shares of Rogers Communications by 342.3% in the 2nd quarter. CWM LLC now owns 1,809 shares of the Wireless communications provider's stock valued at $67,000 after purchasing an additional 1,400 shares in the last quarter. Monarch Capital Management Inc. lifted its holdings in Rogers Communications by 12.7% during the 2nd quarter. Monarch Capital Management Inc. now owns 38,693 shares of the Wireless communications provider's stock worth $1,438,000 after buying an additional 4,360 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Rogers Communications by 39.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 571,923 shares of the Wireless communications provider's stock worth $21,150,000 after acquiring an additional 160,768 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Rogers Communications in the 2nd quarter valued at about $37,000. Finally, Tobam lifted its stake in Rogers Communications by 6.3% during the second quarter. Tobam now owns 14,995 shares of the Wireless communications provider's stock worth $555,000 after purchasing an additional 891 shares during the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.3611 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.53%. Rogers Communications's dividend payout ratio (DPR) is presently 71.71%.

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.