National Bank Financial Forecasts RCI FY2025 Earnings

Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Investment analysts at National Bank Financial lowered their FY2025 earnings estimates for shares of Rogers Communications in a note issued to investors on Monday, November 11th. National Bank Financial analyst A. Shine now forecasts that the Wireless communications provider will post earnings per share of $3.01 for the year, down from their previous estimate of $3.75. The consensus estimate for Rogers Communications' current full-year earnings is $3.55 per share. National Bank Financial also issued estimates for Rogers Communications' FY2026 earnings at $3.36 EPS.

A number of other equities analysts also recently issued reports on the stock. TD Securities increased their price target on shares of Rogers Communications from $73.00 to $74.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Canaccord Genuity Group reissued a "hold" rating and issued a $57.00 target price (down from $59.00) on shares of Rogers Communications in a research report on Thursday, July 25th. 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. Finally, Canaccord Genuity Group cut shares of Rogers Communications from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Rogers Communications Price Performance

Shares of RCI traded up $0.16 during trading hours on Thursday, reaching $36.14. The company had a trading volume of 748,229 shares, compared to its average volume of 768,862. The firm has a 50 day simple moving average of $38.69 and a 200-day simple moving average of $38.68. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.11 and a beta of 0.69. Rogers Communications has a 12-month low of $35.17 and a 12-month high of $48.19.

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

Institutional Trading of Rogers Communications

A number of hedge funds have recently made changes to their positions in RCI. PDT Partners LLC increased its stake in shares of Rogers Communications by 15.2% in the third quarter. PDT Partners LLC now owns 96,490 shares of the Wireless communications provider's stock worth $3,880,000 after buying an additional 12,758 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Rogers Communications by 7.9% during the third quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock valued at $301,000 after acquiring an additional 551 shares during the period. PEAK6 Investments LLC acquired a new position in shares of Rogers Communications during the third quarter valued at $305,000. BNP Paribas Financial Markets lifted its holdings in Rogers Communications by 107.3% in the third quarter. BNP Paribas Financial Markets now owns 37,436 shares of the Wireless communications provider's stock worth $1,505,000 after purchasing an additional 19,378 shares during the period. Finally, FMR LLC lifted its holdings in Rogers Communications by 2.8% in the third quarter. FMR LLC now owns 2,496,298 shares of the Wireless communications provider's stock worth $100,372,000 after purchasing an additional 68,759 shares during the period. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.3611 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.00%. Rogers Communications's dividend payout ratio (DPR) is 72.20%.

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.